Hewlett-Packard Profits
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Hewlett-Packard Co. says its third-quarter profit jumped 14 percent, beating Wall Street’s expectations. Strong laptop sales and a robust international presence continue to lift the technology bellwether.
The Palo Alto, Calif.-based company’s fourth-quarter outlook was also slightly better than investors expected.
HP says it earned $2.03 billion, or 80 cents per share, in the May-July period. That’s up from $1.78 billion, or 66 cents per share, a year earlier.
Excluding one-time charges, HP earned 86 cents per share, three cents higher than the average estimate of analysts polled by Thomson Reuters.
Sales were $28.0 billion, a 10 percent increase over last year and higher than the $27.4 billion analysts were expecting.