HP profits soar
August 20, 2008 by Tisa Silver
Filed under Finance
Hewlett-Packard announced a 14 percent increase in profits for the recently completed third quarter.
Some strong stats behind the earnings increase include: overall sales increased by 10 percent, printer supplies sales increased by 11 percent and laptop sales rose 26 percent.
While HP remains the world’s top seller of personal computers, it is encountering heated competition from Dell and Apple.
Shares of Hewlett-Packard are trading up over 5 percent at mid-day.
