Hewlett-Packard Co. (NYSE: HPQ) will be reporting its second quarter results Tuesday afternoon. Will the world's largest computer manufacturer show strength in PC sales and market share gain in the laptop PC segment? We'll soon see.

Corporate spending on IT equipment has remained soft in 2009, something that will possibly hamper HP's results. Although, International Business Machines Corp. (NYSE: IBM) saw a profit uptick in its latest quarterly report while revenue fell, and HP continues selling the bulk of the world's laptop PCs to this day.

Hewlett-Packard has released Q2 earnings, and it's a whopper. Did the computing and services giant have all its marbles in a row to have a very good Q2 after beating up on competitor Dell Inc. (NASDAQ: DELL) at the conclusion of 2006 and into 2007? The estimates were $0.69 EPS figure -- and the actual came in at $0.70 (PDF link) on a GAAP, non-diluted basis. Revenues for the quarter? A staggering $25.5 billion. Wow.

HP's current $121 billion market cap speaks highly of the company's effort to return aggressively to profitability, which has happened pretty widely under current CEO Mark Hurd. Although former CEO Carly Fiorina is receiving some of the credit for setting up some of the strategy that has enabled HP to change from a marketing company not making much headway into an operational and customer company that is, Hurd has executed on his expertise (logistics and operations) to cut costs where needed and partner aggressively with its customers (and sell hard) to ensure the company is as good as what it currently looks like.

So, let's see what Hurd & Co. have to say about Q2 here in a few minutes. Remember to use the "Refresh" button on your web browser to refresh this post every few minutes, as updates will be happening very frequently. All times below are in EST:

2:01pm -- waiting on the conference call to start. Want a peek at the details beforehand? Here is a link (PDF) to HP's Q2 results in full.