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HP Q4 results beat views but printer sales fall

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HP Q4 results beat views but printer sales fall

Hewlett-Packard edged past Wall Street’s forecast in the fiscal fourth quarter as strong laptop sales helped offset falling printer orders and weakness in some server lines. Profit slipped 2 percent while revenue grew 19%. The Palo Alto, Calif.-based company reported Monday that it managed to notch a 21% increase in laptop revenue at a time when customers are scaling back spending in the face of the economic crisis. Sales of laptops hit $6.3 billion.

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