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HP TOPS EXPECTATIONS IN THIRD QUARTER


Hewlett-Packard beat Wall Street estimates in its third quarter, with strong laptop sales shoring up weakness in printers and servers, according to an Associated Press story in the San Francisco Chronicle.

Profit slipped 2 percent while revenue grew 19 percent, but still the company earned $1.03 a share — better than the $1.01 that analysts had expected. Its $13.9 billion acquisition of Electronic Data Systems added $3.9 billion in revenue. Layoffs of 24,000 people since buying EDS no doubt added to that.