|
 SAN FRANCISCO (AP) - Hewlett-Packard Co.'s first-quarter profit jumped 26 percent as the company benefited from higher sales of laptop computers, printers and printing supplies during a robust holiday spending season.
The results beat Wall Street's expectations, but concerns about mounting inventory and investors' assumptions that HP would beat analyst estimates by even more helped send the stock price down slightly in after-hours trading.
HP said Tuesday said it earned $1.55 billion, or 55 cents per share, for the quarter ended Jan. 31, compared with $1.23 billion, or 42 cents per share, for the same period last year.
|