Hewlett-Packard (NYSE: HPQ) reported earnings on Feb. 21. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Jan. 31 (Q1), Hewlett-Packard beat slightly on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank. Non-GAAP earnings per share shrank. GAAP earnings per share shrank.

Margins dropped across the board.

Revenue details
Hewlett-Packard reported revenue of $28.36 billion. The 26 analysts polled by S&P Capital IQ expected a top line of $27.81 billion on the same basis. GAAP reported sales were 5.6% lower than the prior-year quarter's $30.04 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.82. The 29 earnings estimates compiled by S&P Capital IQ predicted $0.71 per share. Non-GAAP EPS of $0.82 for Q1 were 11% lower than the prior-year quarter's $0.92 per share. GAAP EPS of $0.63 for Q1 were 14% lower than the prior-year quarter's $0.73 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 22.3%, 20 basis points worse than the prior-year quarter. Operating margin was 6.7%, 40 basis points worse than the prior-year quarter. Net margin was 4.3%, 60 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $28.00 billion. On the bottom line, the average EPS estimate is $0.77.

Next year's average estimate for revenue is $112.32 billion. The average EPS estimate is $3.35.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 3,446 members out of 3,834 rating the stock outperform, and 388 members rating it underperform. Among 776 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 689 give Hewlett-Packard a green thumbs-up, and 87 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hewlett-Packard is hold, with an average price target of $15.24.

Is Hewlett-Packard the best tech stock for you? You may be missing something obvious. Check out the semiconductor company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.