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The hardware behemoth HP reported more than 8% revenue fall in its third quarter due to ongoing weakness in the PC market.
Hewlett-Packard said last night that it earned $1.39 billion, or 29 cents per share, in the fiscal third quarter that ended July 31. That compares to a loss of $8.86 billion, or $4.49 per share, a year ago. Then the results had included a charge to reflect the shrinking value of Electronic Data Systems, a technology consulting service HP bought for $13 billion in 2008. Revenue fell 8% to $27.2 billion from $29.7 billion.
Hewlett-Packard said last night that it earned $1.39 billion, or 29 cents per share, in the fiscal third quarter that ended July 31. That compares to a loss of $8.86 billion, or $4.49 per share, a year ago. Then the results had included a charge to reflect the shrinking value of Electronic Data Systems, a technology consulting service HP bought for $13 billion in 2008. Revenue fell 8% to $27.2 billion from $29.7 billion.