HP announced a third fiscal quarter 2012 loss of $8.9 billion compared to $1.9 billion in net earnings for the same year-ago period. Net revenue of $29.7 billion was down from $31.2 billion or 5% compared to the third fiscal quarter last year.

The company said earnings were impacted by impairment of goodwill and restructuring charges that resulted in after-tax costs of $10.8 billion.

HP said it HP Financial Services unit revenue of $935 million in the quarter was down from $968 million in the previous quarter and up from $932 million one-year ago. Pretax earnings of $97 million in the quarter were up from $88 million last year. HP said revenue was “flat” year-over-year as a 2% increase in net portfolio assets was offset by a 2% decrease in financing volume. The business delivered a 10.4% operating margin, HP said.

For the nine-month period ended July 31, 2012, HP Financial’s revenue and pre-tax earnings were $2.9 billion and $284 million, respectively, up from $2.6 billion and $250 million for the same year-ago period.

To read the Hewlett Packard news release click here.