Tech behemoth Hewlett-Packard reported mixed quarterly earnings on Thursday as sales slid 7 percent from the year-earlier period.
The company posted fiscal second-quarter earnings of 87 cents per share as revenue fell to $25.45 billion from $27.31 billion a year ago. Shares rose more than 1 percent in extended trading.
Wall Street had expected the company to deliver quarterly earnings per share of 85 cents on $25.64 billion in revenue, according to consensus estimates from Thomson Reuters.
HP added that its planned separation into two independent, publicly traded companies is on schedule for November. HP will separate its legacy computer and printing business from its enterprise computing segment.
"HP is becoming stronger as we head into the second half of our fiscal year and separation in November," said HP CEO Meg Whitman in a release.