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HP raises outlook

Sells PCs, buys back shares

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HP has found another billion dollars of sales and another seven pennies profit a share to boost forecast figures for its second quarter financial results.

Originally expecting to be reporting something like $24.5bn in sales for its second 2007 quarter next Wednesday, it said today it would instead report about a billion more.

Its GAAP diluted earnings per share (EPS) had been expected to be between $0.57 and $0.58. Now, it said, they would be $0.64 to $0.65.

It had sold some more PCs and servers, apparently, while some share repurchases helped nose its EPS up a little more.

The final figures are due next week.®

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