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HP profit rises on strong printer supplies, notebook sales

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HP profit rises on strong printer supplies, notebook sales

ewlett-Packard, the world’s biggest printer maker and the No. 2 personal-computer seller, said first-quarter profit rose 30 percent as holiday demand drove sales. The earnings forecast for this quarter exceeded analysts’ estimates, sending the shares higher.

Net income rose to $1.23 billion, or 42 cents a share, from $943 million, or 32 cents, a year earlier, Palo Alto, California- based Hewlett-Packard said today in a statement.

Read the complete story here. (Bloomberg)

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