HP Riding High on Brisk Sales of Printing Ink and Laptops

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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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