They're fine. HP is probably gearing up for a big bath next year, in which they can bundle their losses/liabilities from several years in one year, and then look more profitable in years to come.

I say this because HP has the largest marketshare globally (17.2%), and has cornered the U.S. government contracts with elitebooks.

A better indicator of how well HP is doing would be their revenue relative to the industry and relative to the past years. Unlike profits, revenue numbers are harder to manipulate - and HP revenue is up 11% since 2009.