AP NEWS
ADVERTISEMENT

HP Enterprise: Fiscal 4Q Earnings Snapshot

November 25, 2019 GMT

SAN JOSE, Calif. (AP) _ Hewlett Packard Enterprise Co. (HPE) on Monday reported fiscal fourth-quarter net income of $480 million, after reporting a loss in the same period a year earlier.

The San Jose, California-based company said it had profit of 36 cents per share. Earnings, adjusted for one-time gains and costs, came to 49 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 46 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. Three analysts surveyed by Zacks expected $7.46 billion.

ADVERTISEMENT

For the year, the company reported profit of $1.05 billion, or 77 cents per share. Revenue was reported as $29.14 billion.

For the current quarter ending in February, HP Enterprise expects its per-share earnings to range from 42 cents to 46 cents.

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

HP Enterprise shares have climbed 32% since the beginning of the year.

_____

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