Hewlett-Packard Fourth Quarter Sales Top Estimates
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Hewlett-Packard Co. reported fiscal fourth-quarter revenue and profit that topped analysts’ estimates, boosted by corporate demand for servers, personal computers and networking equipment.
The shares jumped in extended trading after the company said in a statement today that revenue for the period ended Oct. 31 was $29.1 billion. That exceeded the $27.8 billion average estimate of analysts, according to data compiled by Bloomberg. Profit excluding some items was $1.01 a share, compared with the $1 average estimate.