HP Enterprise: Fiscal Q1 Earnings Snapshot

Hewlett Packard Enterprise Co. (HPE) on Tuesday reported fiscal first-quarter net income of $223 million.

On a per-share basis, the Houston-based company said it had profit of 17 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 52 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.

The information technology products and services provider posted revenue of $6.83 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $6.78 billion.

For the current quarter ending in May, HP Enterprise expects its per-share earnings to range from 38 cents to 44 cents.

The company expects full-year earnings in the range of $1.70 to $1.88 per share.

HP Enterprise shares have climbed 23% since the beginning of the year.


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