Hewlett-Packard Announces HP EarningsSmart 2000 CashJet

Hewlett-Packard CEO Mark Hurd seems to have managed to cut the fat from the company without hitting any of its internal organs. HP reported a 10 percent increase in third-quarter earnings Tuesday, while profits rose 14 percent to $2 billion. Net revenues at HP (HPQ) were $28 billion, up 10 percent from the same period last year, and earnings per share were 80 cents, which beat analysts’ expectations and the company’s own projections.

Strong results, but sadly ones that don’t suggest much of a change in America’s economic troubles. Nearly two-thirds, or 68 percent, of HP’s revenue came from outside the U.S.