News Burst: Compaq beats estimates

Compaq Computer Corp. beat analyst's estimates for the third quarter, reporting a net profit of $115 million, or 7 cents per share, on sales of $8.8 billion.

Revenue rose 36 percent from a year ago, before the company had completed its acquisition of Digital Equipment Corp. Compaq officials said Wednesday that the merger is "on track" and predicted strong growth for the fourth quarter.