HPâ€™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, HPâ€™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]