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Actionable news in HP: HELMERICH & PAYNE Inc,

HP Inc beats estimates, weak printer demand weighs on forecast

The Hewlett-Packard (HP) logo is seen as part of a display at the Microsoft Ignite technology conference in Chicago, Illinois, May 4, 2015.

HP Inc (HPQ.N), the hardware business of the former Hewlett-Packard Co, reported higher-than-expected quarterly revenue and profit as demand recovered for its notebooks.

However, HP forecast current-quarter profit below analysts' estimates, reflecting weak sales of its printers as companies cut costs across industries.

HP's shares fell nearly 6 percent in extended trading on Wednesday.

Third-quarter revenue from the company's computer business rose 7.5 percent from the second quarter as sales of notebooks improved.

From a year earlier, sales were...


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