Company News: Hewlett Packard Enterprise (HPE) posts Q1 earnings in-line with analysts' estimates

Market news

25 May 2016

Company News: Hewlett Packard Enterprise (HPE) posts Q1 earnings in-line with analysts' estimates

Hewlett Packard Enterprise reported Q2 FY 2016 earnings of $0.42 per share, in-line with analysts' consensus of $0.42.

The company's quarterly revenues amounted to $12.711 bln (+1.3% y/y), beating consensus estimate of $12.336 bln.

The company also issued guidance for Q3 and FY2016, projecting Q3 EPS of $0.42-0.46 (versus analysts' consensus estimate of $0.48) and FY2016 EPS of $1.85-1.95 (versus analysts' consensus estimate of $1.88)

Hewlett Packard Enterprise also announced plans for a tax-free spin-off and merger of its Enterprise Services business with Computer Sciences (CSC).

HPE rose to $18.06 (+11.14%) in pre-market trading.

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Foreign exchange market. European session: the euro traded mixed against the U.S. dollar after the release of the positive economic data from Germany

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