As expected, Hewlett-Packard reported a $8.9 billion loss in its third quarter, as the company recorded $10.8 billion in write-downs for acquisitions and restructuring costs.

Revenues declined 5% to $29.7 billion year-over-year. The computer giant earned $2 billion, or $1.00 per share, for three months ending in July.

The company slightly lowered the high end of its full-year guidance from $4.07 per share to $4.05 per share.