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Pacificorp's offer of 765 pence, or $12.62, a share exceeded its previous proposal by 10percentt.
Nokia's market share exceeded the combined shares of its next three biggest competitors: Samsung, Motorola and Sony Ericsson.
But its earnings per share exceeded expectations, and H.P.'s stock gained 17 percent in Thursday's trading.
The adjusted income of 54 cents per share exceeded analysts' expectations, while revenue was slightly below expectations.
Net income of $6.5 billion, or $1.60 a share, exceeded analysts' expectations of $5.47 billion, or $1.44 a share.
Excluding one-time items, the company earned $2.26 a share, exceeded analysts' forecasts of $2.22, according to Thomson Reuters.
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The share exceeds 60% among SMEs.
Its market share exceeds 90percentt.
Excluding those items, earnings were 58 cents a share, exceeding analysts' expectations of 48 cents a share.
Excluding restructuring costs, FedEx forecast $1.37 a share, exceeding its previous forecast of $1.20 to $1.30.
Before adjustments, income was 52 cents a share, exceeding analysts' expectations by 5 cents.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com