*Source: News.com (
http://news.com.com/HP+profit+gains+...tag=nefd.top)*
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Hewlett-Packard reported on Thursday higher quarterly profit as it benefited from cost cuts, lower computer component prices, and rising margins across its business.
Shares of the world's largest personal-computer maker, already up 12 percent so far in 2007, rose 3 percent in after-hours trading following the earnings report.
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