Company News: Hewlett Packard Enterprise (HPE) posts mixed results

Market news

24 February 2017

Company News: Hewlett Packard Enterprise (HPE) posts mixed results

Hewlett Packard Enterprise reported Q1 FY2017 earnings of $0.45 per share (versus $0.41 in Q1 FY2016), beating analysts' consensus estimate of $0.44.

The company's quarterly revenues amounted to $11.407 bln (-10.4% y/y), missing analysts' consensus estimate of $12.050 bln.

The company issued guidance for Q2 EPS of $0.41-0.45 versus analysts' consensus estimate of $0.45. It also lowered its FY2017 EPS forecast to $1.88-1.98 from $2.00-2.10 versus analysts' consensus estimate of $1.93.

HPE fell to $22.69 (-7.99%) in pre-market trading.

Canada: Consumer price index, y/y, January 2.1% (forecast 1.6%)

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