With revenue down across almost all of its businesses, Hewlett-Packard posted a 19 percent drop in profit for the third quarter of 2009.
For the quarter ended July 31, HP recorded earnings of $1.6 billion, down from $2 billion the same quarter a year ago, and earnings per share of 67 cents. A year ago the company earned 80 cents per share. Excluding $568 million in one-time items related to restructuring and acquisitions, HP earned $2.2 billion or 91 cents per share.
Analysts had been expecting earnings between 82 cents and 92 cents per share, and revenue between $… Read more