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Telecomunicaciones y tecnología

HP profit beats Street on lower costs


    (Reuters) - Hewlett-Packard Co reported a quarterly profit above market estimates, pushing shares up 2 percent in after-market trading.

    Net income fell to $1.01 billion, or 55 cents per share, in the second quarter ended April 30, from $1.27 billion, or 66 cents per share a year earlier.

    Excluding items, the company earned 87 cents per share.

    Analysts on average had expected a profit of 85 cents, according to Thomson Reuters I/B/E/S.

    Revenue dropped to $25.45 billion from $27.31 billion.

    (Reporting by Abhirup Roy and Anya George Tharakan in Bengaluru; Editing by Joyjeet Das)