HP Reports 4Q and FY Results; Q Jumps, FY Slides

IT giant Hewlett-Packard Co. (NASDAQ: HPQ) announced its 4Q 2009 results. For the quarter, which ended October 31, the company’s diluted earnings totaled $2.4 billion, or 99 cents per share, compared to $2.1 billion and 84 cents, respectively, in 4Q 2008. Excluding charges for restructuring and acquisitions, 4Q 2009 earnings stood at $1.14 per share.

For full fiscal year 2009, however, the company’s overall revenue came in at $114.6 billion, down 3% year on year from 2008’s $118.4 billion. Net (diluted) earnings were also down; $7.7 billion, 8%, and $8.3 billion, respectively.

The company attributed its improved 4Q bottom line to an increase in revenue for services, which grew 8% year on year to $8.9 billion. This result helped to offset declines in the company’s other segments, such as imaging and printing, software and ESS.

Hewlett-Packard shares were up 2%, to $51.02, in after-hours trading.