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HP Enterprise: Fiscal 3Q Earnings Snapshot

August 27, 2019

SAN JOSE, Calif. (AP) _ Hewlett Packard Enterprise Co. (HPE) on Tuesday reported a fiscal third-quarter loss of $27 million, after reporting a profit in the same period a year earlier.

The San Jose, California-based company said it had a loss of 2 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and amortization costs, came to 45 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.

The information technology products and services provider posted revenue of $7.22 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $7.29 billion.

For the current quarter ending in October, HP Enterprise expects its per-share earnings to range from 43 cents to 47 cents.

The company expects full-year earnings in the range of $1.72 to $1.76 per share.

HP Enterprise shares have decreased 2% since the beginning of the year.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HPE at https://www.zacks.com/ap/HPE

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