HP's 3rd quarter results hurt by budget PCs updated 05:30 pm EST, Mon November 23, 2009 HP Q3 2009 shipments up, revenue down HP this afternoon revealed mixed results for its quarter ended in October. The company's net earnings climbed 14 percent year-over-year to $2.4 billion, but its revenue dropped by 8 percent to $30.8 billion in the same time frame. It credits the profit boost to cost-cutting measures but saw its revenue drop across the board in every category, including the Personal Systems Group that handles its common PC business. The division shipped 8 percent more PCs than a...