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HP earnings in line with Street expectations

HP Inc. reported quarterly earnings that met analysts' expectations on Wednesday, but revenues in its printing and personal systems segments fell more than Wall Street had estimated.

The company posted fiscal first-quarter adjusted earnings per share of 36 cents on $12.25 billion in revenue. Analysts had expected HP to report earnings of about 36 cents per share on $12.2 billion in revenue, according to a consensus estimate from Thomson Reuters.

HP shares wavered in after-hours trading after the announcement.

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HP said its $12.25 billion in revenue represented a nearly 12 percent decline from $13.86 billion in the comparable year-ago period. Similarly, the company said its earnings fell 12 percent from 41 cents per share during the first quarter of fiscal 2015.

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