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HP's 3Q Earnings Miss Wall Street Expectations: Page 2 of 3

Sales grew 9 percent to $18.9 billion in the third quarter.

Wall Street analysts were expecting earnings of 31 cents per share on sales of $19 billion, according to a survey by Thomson First Call.

HP also said per-share earnings in the current quarter will be between 35 cents and 39 cents. Sales are expected to be between $21 billion and $21.5 billion.

Analysts were expecting a per-share profit of 43 cents per share on sales of $21.3 billion.

The company said revenue in personal systems grew 19 percent year-over-year, and sales in imaging and printing rose 8 percent. The company's enterprise servers and storage posted a 5 percent revenue decline, but sales in HP services and software grew 12 percent and 17 percent, respectively.