Hewlett Packard Enterprise: Fiscal Q1 Earnings Snapshot

Associated Press Finance
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SPRING, Texas (AP) — SPRING, Texas (AP) — Hewlett Packard Enterprise Co. (HPE) on Thursday reported fiscal first-quarter earnings of $387 million.

The Spring, Texas-based company said it had profit of 29 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 48 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.

The information technology products and services provider posted revenue of $6.76 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $7.06 billion.

For the current quarter ending in April, Hewlett Packard Enterprise expects its per-share earnings to range from 36 cents to 41 cents.

The company said it expects revenue in the range of $6.6 billion to $7 billion for the fiscal second quarter.

Hewlett Packard Enterprise expects full-year earnings in the range of $1.82 to $1.92 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HPE at https://www.zacks.com/ap/HPE

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