Hewlett-Packard To Lay Off 27000 Employees; 2Q Profit Down 31%

(RTTNews) - Shares of Hewlett-Packard Co. (HPQ: News ) surged more than 10% in after hours trading after the computer and printer maker reported forecast-beating second quarter results and raised its full year earnings outlook.NTAP -25.1%, P +13.7%, HPQ +6.3% Following Earnings/Guidance. The major market averages fell in excess of 1% as the euro descended to a near two-year low, but support in afternoon action helped the broad market rallyHewlett-Packard is at least starting today's

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