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HP Beats, But Outlook Disappoints

February 23, 2011

Hewlett-Packard (HPQ) reported a gain in fiscal first quarter earnings late yesterday, but the companys outlook disappointed analysts and investors alike, leading shares lower. HP said net income totaled $2.61 million, or $1.17 per share, compared to $2.25 billion, or $0.93 per share, in the same quarter last year.