HP (NYSE:HPQ) reported quarterly earnings of $0.86 per share which beat the analyst consensus estimate of $0.80 by 7.5 percent. This is a 17.31 percent decrease over earnings of $1.04 per share from the same period last year. The company reported quarterly sales of $13.20 billion which beat the analyst consensus estimate of $12.39 billion by 6.54 percent. This is a 9.98 percent decrease over sales of $14.66 billion the same period last year.