Plus   Neg

Hewlett Packard Enterprise Q2 adjusted earnings Beat Estimates

Hewlett Packard Enterprise (HPE) released a profit for second quarter that declined from last year.

The company's profit came in at $0.4 billion, or $0.30 per share. This compares with $0.9 billion, or $0.54 per share, in last year's second quarter.

Excluding items, Hewlett Packard Enterprise reported adjusted earnings of $0.6 billion or $0.42 per share for the period.

Analysts had expected the company to earn $0.37 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 4.0% to $7.2 billion from $7.5 billion last year.

Hewlett Packard Enterprise earnings at a glance:

-Earnings (Q2): $0.6 Bln. vs. $0.5 Bln. last year.
-EPS (Q2): $0.42 vs. $0.32 last year.
-Analysts Estimate: $0.37
-Revenue (Q2): $7.2 Bln vs. $7.5 Bln last year.

Full year EPS guidance: $1.62 - $1.72

For comments and feedback contact: editorial@rttnews.com

Follow RTT