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Mark Hurd is long gone and Hewlett-Packard (NYSE:HPQ) has been on the shareholder hot seat ever since. With much to prove to its shareholders and 300,000+ employee base, the printing pioneer reported quarterly results today packed with a revenge punch to Wall Street analysts, investors and traders. Here’s the brief breakdown from today’s earnings release:

Earnings: Increased by 17% to $1.33 per share compared to $1.14 per share in the same period a year ago.

Revenue: Increased 8% to $33.3 billion, compared to $30.8 billion in the prior year.

Actual versus Wall Street Expectations: Earnings of $1.33 cents per share beat expectations by $.06 cents. The consensus analyst earnings expectation was $1.27 cents per share. Revenues were also better than the expected $32.75 billion revenue estimate (Thomson Reuters).

Notable Stats: 4th quarter revenue was up 10% in the Americas to $15.1 billion.

Enterprise Storage and Servers (NYSE:ESS) reported total revenue of $5.3 billion in the fourth quarter, up 25%.

Imaging and Printing Group (NYSE:IPG) revenue increased 8% to $7.0 billion in the fourth quarter.

For the first quarter of fiscal 2011, HP estimates revenue of approximately $32.8 billion to $33.0 billion, earnings per share in the range of $1.06 to $1.08.

HP expects full year fiscal 2011 revenue in the range $132 billion to $133.5 billion, earnings per share in the range of $4.42 to $4.52.

Did You Hear That? Cathie Lesjak, H-P EVP and CFO, stated, “HP continued to execute in the fourth quarter, delivering growth, expanding margins and increasing earnings per share double digits…”

Commentary: Recently, shares of Hewlett-Packard (HPQ) bounced off a supportive 50-day moving average as shares approach the Hurd crash levels. When the Hurd drama wore off, the value buyers stepped in and saw opportunity to pick up the underlying strong fundamentals of HPQ shares in the high 30s. Most traders and investors seem to be watching the $45 price level as a key point of resistance. Following a great report, HPQ shares could continue to see upside momentum to the higher $40s range if the company gets remains focused more on the basics and less on the drama.

Disclosure: No positions

Source: HP, Still Strong Post-Hurd, Beats Estimates: Earnings Cheat Sheet