HP Revenue Beats Estimates as PC Maker Bucks Industry Slump

The following appears on businesstimes.com.sg

[SAN FRANCISCO] HP reported revenue that beat analysts’ estimates, with an industry-defying surge in personal-computer (PC) sales driving a fifth consecutive quarterly increase.

Sales at the world’s biggest maker of PCs rose across all businesses and all regions in the fiscal fourth quarter.

While profit for the current period may fall slightly below analyst projections, the company raised by one cent its forecast for the fiscal year that started Nov 1.

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