HP profit jumps on cost cuts, new market expansion

Latest Finance News

FILE - In this March 8, 2009 file photo, the Hewlett-Packard Co. facility in Palo Alto, Calif., is shown. Hewlett-Packard Co. releases quarterly earnings after the market close Monday, Nov. 23, 2009. (AP Photo/Paul Sakuma, file)

More from this Slideshow

HP profit jumps ... FILE - In this March 8, 2009 file photo, the Hewlett-Packard Co. facility in Palo Alto, Calif., is shown. Hewlett-Packard Co. releases quarterly earnings after the market close Monday, Nov. 23, 2009. (AP Photo/Paul Sakuma, file)
Weak dollar, hom... Specialists work on the floor of the New York Stock Exchange Monday, Nov. 23, 2009. Investors halted the stock market's three-day losing streak Monday, buying on a range of factors including the weaker dollar and better-than-expected home sales numbers. (AP Photo/Richard Drew)
AP-GfK Poll: Deb... FILE - In this Dec. 23, 2008 file photo, two women head for the subway with their purchases after shopping in New York with one day remaining in the holiday shopping season. Americans are feeling more stress from debt these days, raising the odds they'll act like Scrooge rather than Santa during the holiday shopping season.(AP Photo/Kathy Willens, file)
Obama: US econom... Defense Secretary Roberty Gates, third from left, watches as President Barack Obama speaks during a meeting with members of his Cabinet in the Cabinet Room of the White House in Washington, Monday, Nov. 23, 2009. Also seated at the table are Secretary of Sate Hillary Rodham Clinton, left, Commerce Secretary Gary Locke, second from right, and Transportation Secretary Ray LaHood, right. (AP Photo/Susan Walsh)
Tyson Foods post... In this photo made Wednesday, Oct. 28, 2009, a Tyson Foods, Inc., truck is parked at a food warehouse in Little Rock, Ark. Tyson Foods, the world's largest meat producer, said Monday, Nov. 23, 2009, it lost money in its fiscal fourth quarter primarily on a hefty goodwill impairment charge.(AP Photo/Danny Johnston)
Economic survey:... FILE - In this Nov. 19, 2009 file photo, shoppers prepare to load their car with purchases from a Kmart store in Somerville, Mass. This week, which will be abbreviated due to Thanksgiving, investors will look to reports on home sales, unemployment and consumer confidence and the start of the holiday shopping season on Friday for more insight into the direction of the economy. (AP Photo/Elise Amendola, File)
Feds find associ... In this Oct. 14, 2009 photo, an air conditioner coil that has some corrosion at the home of James and Maria Ivory in Punta Gorda, Florida. The federal government says it finds a "strong association" between problematic imported Chinese drywall and corrosion of pipes and wires, a conclusion that supports complaints by thousands of homeowners over the last year. (AP Photo/J. Meric)
Dollar stabilize... Investors play cards in front of an electronic screen showing stock information at a brokerage house in Taiyuan,
HP triples stock... HP Invent logo is pictured in front of Hewlett-Packard international offices in Meyrin near Geneva
Home sales at 2-... A home is seen for sale in the Washington suburb of Takoma Park
Gold eases, inve... An employee takes gold ingots to be weighed in a room for final weighing and packaging at the Krastsvetmet plant in the Siberian city of Krasnoyarsk
Stocks rise as h... A home sold by KB Home displays a "sold" sign out front in Golden