Ron Burgundy Posted May 21, 2015 Share Posted May 21, 2015 (Reuters) - Hewlett-Packard Co , the world's No. 2 PC maker, reported a quarterly profit above market estimates, helped by cost cuts, sending its shares up more than 3 percent in after-market trading. "I think it will alleviate concerns about what level of dis-synergies they would have to absorb in the first year following the split," Cross Research analyst Shannon Cross said. Analysts on average had expected a profit of 85 cents, according to Thomson Reuters I/B/E/S. Ongoing cost reductions and focus on higher-margin sales drove profit, Cross said. View the full article Quote Link to comment Share on other sites More sharing options...
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