HP Beats Estimates on Cost Cutting

It seems that HP is humming along as always.

Net income in its fiscal third quarter advanced to $1.78 billion, or 66
cents per share, from $1.38 billion, or 48 cents per share, a year earlier.
Excluding items, HP earnings came in at 71 cents per share.

Revenue in the quarter rose to $25.4 billion from $21.9 billion a
year earlier.

They also bought cheaper components so they led to a boost in their bottom line. I like that revenue boost myself since it shows that people are still buying printers, computers and laptops despite that consumer spending slowdown.