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Hewlett-Packard Profit Down 16%

Hewlett-Packard Co.'s first-quarter earnings declined 16% as the technology giant continued to see weaker sales in its core personal computer business, though adjusted profits beat the company's expectations.

 

H.P. Profit Up 5%, but PC Sales Are Declining

The company revised its forecast for the current quarter, indicating worries about the impact of the Japan earthquake, softness in sales of PCs and lower operating profits in its services unit.

 

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