Hewlett Packard reported a profit that rose over last year and beat analysts' forecasts by 3 cents a share on strong international sales in its notebook computer and printer businesses. Revenue also topped expectations.
Excluding one-time items, the personal computer and printer maker reported a profit of 86 cents a share on sales of $28.03 billion in its fiscal third quarter, against earnings of 71 cents a share on sales of $25.377 billion last year.
HP was expected to earn 83 cents a share on $27.406 billion, according to a group of analysts surveyed by Thomson Reuters.
Shares of HP popped about 4 percent higher in extended trading. The stock lost slightly more than 2 percent to close at $43.69 during the floor session on the New York Stock Exchange.
Including charges and other one-time items, HP's earnings rose 14 percent: It earned $2.03 billion, or 80 cents per share, in the May-July period. That's up from $1.78 billion, or 66 cents per share, a year earlier.
The Palo Alto, California-based company forecast fiscal fourth-quarter profit, excluding items, of $1.01 to $1.03 a share, ahead of the average analyst view of $1 a share. The company forecast revenue of $30.2 billion to $30.3 billion, slightly behind the average forecast of $30.4 billion.