HP Turnaround Effort on Track as Quarterly Sales Top Expectations

Maximum PC: Though HP didn't reclaim its spot as the number one supplier of PCs, the second-place OEM surprised analysts with a strong third quarter. HP's net revenue in the third quarter came to $27.6 billion, up 1 percent compared to the same period a year ago, while earnings per share came to $0.89, up 3 percent year-over-year. That's slightly better than Wall Street's estimate of a drop in revenue to $27.01 billion.

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