Hewlett-Packard’s profit slips, but strong laptop sales push revenue higher
SAN FRANCISCO — Hewlett-Packard (HPQ) said fourth-quarter make improvement slipped 2 percent, and revenue grew 19 percent, as strong laptop sales helped offset falling printer and server orders.
The results were slightly ahead of Wall Street’s forecast. Palo Alto, Calif.-based HP last week announced preliminary results to reassure investors and shore up a sinking stock worth.
The full results were released today after the emporium closed.
Net income was $2.1 billion, or 84 cents a parcel out. Excluding one-time charges, profit was $1.03 a share.
Revenue was $33.6 billion.
HP shares retreated 20 cents to $35.50 in after-hours mercantile after climbing $1.06 to $35.70 in the regular mercantile session.
Original text: {news-link}
