HP Profit Up!

Hewlett-Packard Co. did very well in this third quarter earnings report. HP reported that they earned $2.03 billion, or 80 cents per share.  They even shattered Wall Street’s expectations.  HP’s laptop sales and a robust international presence are what pulled them through.  Right now there still the leading provider of personal computers, mostly because of their low cost.  But that might soon changes because of the rising cost of supplies.  They won’t be able to remain at the current profit margin.  I wonder if HP will shift toward cheaper PCs just like the other PC makers.  If they do they will be in the same boat with the rest of the PC makers.

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This entry was posted on Wednesday, August 20th, 2008 at 9:11 am and is filed under Business, Economy, General Info, Stocks, Tech. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.