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HP Enterprise: Fiscal 2Q Earnings Snapshot

SAN JOSE, Calif. (AP) _ Hewlett Packard Enterprise Co. (HPE) on Thursday reported fiscal second-quarter net income of $419 million.

The San Jose, California-based company said it had profit of 30 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and amortization 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 36 cents per share.

The information technology products and services provider posted revenue of $7.15 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $7.44 billion.

For the current quarter ending in August, HP Enterprise expects its per-share earnings to range from 40 cents to 44 cents.

The company expects full-year earnings in the range of $1.62 to $1.72 per share.

HP Enterprise shares have climbed nearly 9% 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