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HP Enterprise: Fiscal 1Q Earnings Snapshot

March 3, 2020 GMT

SAN JOSE, Calif. (AP) _ Hewlett Packard Enterprise Co. (HPE) on Tuesday reported fiscal first-quarter earnings of $333 million.

On a per-share basis, the San Jose, California-based company said it had profit of 25 cents. Earnings, adjusted for one-time gains and costs, were 44 cents per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.

The information technology products and services provider posted revenue of $6.95 billion in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $7.2 billion.

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HP Enterprise expects full-year earnings in the range of $1.78 to $1.94 per share.

HP Enterprise shares have declined 21% 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