New York, NY -- (SBWIRE) -- 02/25/2013 -- Hewlett-Packard Company (NYSE: HPQ) announced financial results for its first fiscal quarter ended Jan. 31, 2013.
First quarter GAAP diluted earnings per share (EPS) was $0.63, down from $0.73 in the prior-year period and above its previously provided outlook of $0.34 to $0.37 per share.
First quarter non-GAAP diluted EPS was $0.82, down from $0.92 in the prior-year period and above its previously provided outlook of $0.68 to $0.71 per share.
First quarter non-GAAP earnings information excludes after-tax costs of $373 million, or $0.19 per diluted share, related to the amortization of purchased intangible assets, restructuring charges and acquisition-related charges.
For the first quarter, net revenue of $28.4 billion was down 6% year over year and down 4% when adjusted for the effects of currency.
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Zynga, Inc. (NASDAQ: ZNGA) moved up on online gambling approval. Nevada governor Brian Sandoval signed legislation allowing gambling online, after the Nevada State Senate and Assembly approved the bill. Approval comes after New Jersey Gov. Chris Christie vetoed a similar bill, but said he might sign an amended version next week.
"This is an historic day for the great state of Nevada," Sandoval was quoted as saying. "Today I sign into law the framework that will usher in the next frontier of gaming in Nevada."
Zynga, which provides the popular Zynga Texas Hold 'Em and Slots apps, has looked to online gambling as a way to expand its revenue base beyond advertising and in-game purchases.
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