Hewlett-Packard quarterly revenue falls 6.7 percent

November 20, 2012 12:49 PM GMT

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Hewlett-Packard Co's quarterly revenue fell short of Wall Street expectations as the company's share of the personal computer market shrank and sales of its printers declined.

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The Silicon Valley technology company, which is in the midst of a multi-year turnaround plan, said net revenue fell 6.7 percent to $29.96 billion for the quarter ended October 31 from $32.12 billion a year earlier.

Analysts on average had expected fourth-quarter revenue of $30.43 billion, according to Thomson Reuters I/B/E/S.

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(Reporting By Poornima Gupta in San Francisco and Supantha Mukherjee in Bangalore; Editing by Saumyadeb Chakrabarty)

Copyright 2012 Thomson Reuters. All rights reserved.
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