HP Enterprise: Fiscal 2Q Earnings Snapshot

May 21, 2020 GMT

SAN JOSE, Calif. (AP) _ Hewlett Packard Enterprise Co. (HPE) on Thursday reported a fiscal second-quarter loss of $821 million, after reporting a profit in the same period a year earlier.

The San Jose, California-based company said it had a loss of 64 cents per share. Earnings, adjusted for asset impairment costs and non-recurring costs, were 22 cents per share.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.

The information technology products and services provider posted revenue of $6.01 billion in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $6.48 billion.


HP Enterprise shares have decreased 35% 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