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HP Profit Falls 44% On Lower Sales, Margins

Hewlett-Packard Co. said Wednesday after the markets closed that its first quarter profit fell 44% from last year, hurt by lower sales and weaker margins. The company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. At the same time, the Palo, Alto, California-based company forecast second quarter ...

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