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HP Enterprise: Fiscal 4Q Earnings Snapshot

PALO ALTO, Calif. (AP) _ Hewlett Packard Enterprise Co. (HPE) on Tuesday reported a fiscal fourth-quarter loss of $757 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Palo Alto, California-based company said it had a loss of 52 cents. Earnings, adjusted for one-time gains and costs, came to 45 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.

The information technology products and services provider posted revenue of $7.95 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $7.85 billion.

For the year, the company reported profit of $1.91 billion, or $1.23 per share. Revenue was reported as $30.85 billion.

For the current quarter ending in February, HP Enterprise expects its per-share earnings to range from 33 cents to 37 cents.

The company expects full-year earnings in the range of $1.51 to $1.61 per share.

HP Enterprise shares have increased almost 5 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