H-P swings to a profit

SAN FRANCISCO (MarketWatch)
Hewlett-Packard Co.  reported a fiscal third-quarter profit of $1.39 billion, or 71 cents a share, compared with a loss of $8.86 billion, or $4.49 a share, for the year-earlier period
Revenue slipped to $27.2 billion from $29.7 billion
On an adjusted basis, the company reported a profit of 86 cents a share
Analysts polled by FactSet on average were expecting the Palo Alto, Calif.-based company to report a profit of 87 cents a share, on revenue of $27.3 billion
For its full fiscal 2013, the company said it expects adjusted profit in the range $3.53 to $3.57 a share Analysts were expecting the company to report $3.56 a share