U.S. Markets closed

HP Enterprise: Fiscal 1Q Earnings Snapshot

PALO ALTO, Calif. (AP) _ Hewlett Packard Enterprise Co. (HPE) on Thursday reported fiscal first-quarter profit of $177 million.

The Palo Alto, California-based company said it had net income of 13 cents per share. Earnings, adjusted for pretax expenses and non-recurring costs, came to 42 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.

The information technology products and services provider posted revenue of $7.55 billion in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $7.68 billion.

For the current quarter ending in May, HP Enterprise expects its per-share earnings to range from 34 cents to 38 cents.

The company expects full-year earnings in the range of $1.56 to $1.66 per share.

HP Enterprise shares have risen 23 percent since the beginning of the year.

_____

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