HP's 1Q offers glimmer of hope, stock surges

UPDATED 19:50 PM EST, February 21, 2013

SAN FRANCISCO (AP) — Slumping personal computer maker Hewlett-Packard Co.'s latest quarterly results provided a glimmer of hope after months of gloomy news.

The fiscal first-quarter numbers announced Thursday topped the forecast of HP's own management, as well as stock market analysts.

That's an about-face from the previous two quarters, when HP announced losses totaling $15.3 billion as the company accounted for past acquisitions gone awry, to the shock of Wall Street.

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