HP profit gains on cost cuts, cheaper components

Iria · Aug 17, 2007, 03:20 PM

Source: News.com
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Hewlett-Packard reported on Thursday higher quarterly profit as it benefited from cost cuts, lower computer component prices, and rising margins across its business.

Shares of the world's largest personal-computer maker, already up 12 percent so far in 2007, rose 3 percent in after-hours trading following the earnings report.

Aug 17, 2007, 03:20 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	HP profit gains on cost cuts, cheaper components Source: News.com _______ Hewlett-Packard reported on Thursday higher quarterly profit as it benefited from cost cuts, lower computer component prices, and rising margins across its business. Shares of the world's largest personal-computer maker, already up 12 percent so far in 2007, rose 3 percent in after-hours trading following the earnings report.