HP Riding High on Brisk Sales of Printing Ink and Laptops

HP Logo

HP’s sales of ink and laptops pushed the company past Wall Street forecast for the 3rd quarter this year, with shares rising more than 2 percent on a higher financial estimate.

For the quarter that ended July 31, HP’s net income was $1.78 billion, 29 percent better than the $1.38 billion for the same quarter last year.

Sales rose $25.38 billion, up 16 percent from a year ago. Revenue was more than $1 billion above the $24.09 billion forecast by financial analysts.

The healthy sales of laptop computers and lucrative printing ink are expected to continue into the next quarter.

[Via: New York Times]

Chris Malinao

About Chris Malinao

Chris teaches Lightroom as workflow software to photography students at the FPPF, Federation of Philippine Photographers Foundation. He also teaches smartphone photography.

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