Hewlett-Packard profit jumps 14 pct in third quarter, tech titan faces stronger PC competition

Hewlett-Packard Co. said Tuesday that its fiscal third-quarter profit jumped 14 percent while sales rose 10 percent -- 5 percent if adjusting for currency fluctuations -- as strong laptop sales and a robust international presence lifted the technology bellwether.

THE OUTLOOK: For the fourth quarter, the Palo Alto-based company expects a profit between $1.01 and $1.03 per share, ahead of the $1 that analysts had been forecasting. HP also forecast revenue between $30.2 billion and $30.3 billion in the fourth quarter. Analysts had been expecting $30.2 billion. read more

source:http://biz.yahoo.com/