Company News: Hewlett Packard Enterprise (HPE) posts Q2 earnings in line with analysts' estimates

Market news

1 June 2017

Company News: Hewlett Packard Enterprise (HPE) posts Q2 earnings in line with analysts' estimates

Hewlett Packard Enterprise (HPE) reported Q2 FY 2017 earnings of $0.35 per share (versus $0.42 in Q2 FY 2016), in-line with analysts' consensus estimate.

The company's quarterly revenues amounted to $9.900 bln (-22.1% y/y), beating analysts' consensus estimate of $9.747 bln.

The company also issued downside guidance for Q3, projecting EPS of $0.24-0.28 versus analysts' consensus estimate of $0.31, and reaffirmed guidance for FY 2017, forecasting EPS of $1.46-1.56 versus analysts' consensus estimate of $1.47.

HPE fell to $18.50 (-1.65%) in pre-market trading.

U.S.: ADP Employment Report, May 253 (forecast 185)

US ADP employment change expected at 185K in May vs 177K in April. Data released at 13:15 GMT

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