Company News: Hewlett Packard Enterprise (HPE) quarterly earnings beat analysts’ estimates

Market news

28 August 2019

Company News: Hewlett Packard Enterprise (HPE) quarterly earnings beat analysts’ estimates

Hewlett Packard Enterprise (HPE) reported Q3 FY 2019 earnings of $0.45 per share (versus $0.44 in Q3 FY 2018), beating analysts’ consensus estimate of $0.40.

The company’s quarterly revenues amounted to $7.217 bln (-7.0% y/y), generally in line with analysts’ consensus estimate of $7.286 bln.

The company issued upside guidance for Q4, projecting EPS of $0.43-0.47 (versus analysts’ consensus estimate of $0.43).

It also raised FY 2019 non-GAAP EPS to $1.72-1.76 from $1.62-1.72 (versus analysts’ consensus estimate of $1.68).

HPE rose to $13.62 (+5.34%) in pre-market trading.

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