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Hewlett-Packard net income in the fiscal first quarter through Jan. 31 rose 16% to $1.43 billion, or 74 cents per share, from $1.23 billion, or 63 cents per share, a year earlier. Excluding restructuring and other charges, adjusted earnings came to 90 cents per share. Analysts polled by FactSet expected 85 cents. The company expects second-quarter adjusted earnings of 85 to 89 cents per share. The midpoint of that range is below the 89 cents analysts were forecasting.

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