HP's net profit fell 29.6% in 3° fiscal quarter

SAO PAULO-the net profits of the Hewlett-Packard (HP) fell 29.6 percent in its third fiscal quarter ended on July 31 — — to $ 985 million, compared with the same period in 2013. Sales, meanwhile, grew 1.5%, amounting to US $ 27.6 billion in the same comparison.
The advance in the computer maker's recipe was a surprise to investors heard by Reuters, who hoped a smaller value by about 2% for the period. According to the company in Silicon Valley, the number was driven by increased exports of their notebooks and desktop computers.
The profit for the quarter fell at a time when the American manufacturer has been facing strong competition and rapid technological changes in your industry. The difficulty the company has shown to have high incomes, in addition to job cuts to reduce costs have been part of market analysis about the company.
In may, for example, the company announced it would cut up to 16 thousand jobs, as part of its cost-cutting program.
For the fourth fiscal quarter, HP expects to report a profit between $ 1.03 and $ 1.07 per share. The market expectation is that the indicator reaches $ 1.05.