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FEB 21, 2013 - Yahoo! News

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HP revenue falls six percent, beats Wall Street view

SAN FRANCISCO (Reuters) - Hewlett-Packard Co's fiscal first-quarter revenue fell 6 percent to $28.4 billion, but it beat Wall Street expectations in a flat to shrinking personal computing market, sending its shares up over 5 percent. The world's No. 1 PC maker also gave an outlook that came in higher than Wall Street expected. Analysts had on average expected HP, which like Dell Inc is struggling to sustain sales growth as smartphones and tablets surge in popularity, to record revenue of $27.8 billion in the December quarter. The company's stock rose 5 percent, from a close of ... Read More

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