Fitting that pattern, Hewlett-Packard says while consumer PC volume was up, revenue was down, meaning more lower priced netbooks and notebooks made up a bigger portion of the sales.

Hewlett-Packard shares fell to $50.80 in after-hours trading from Monday's closing price of $51.02 as investors found no upside surprises in the report.

-- Written by Scott Moritz in New York.

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