HP Enterprise: Fiscal 4Q Earnings Snapshot

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SAN JOSE, Calif. (AP) _ Hewlett Packard Enterprise Co. (HPE) on Tuesday reported fiscal fourth-quarter earnings of $157 million.

On a per-share basis, the San Jose, California-based company said it had profit of 12 cents. Earnings, adjusted for non-recurring costs, were 37 cents per share.

The results surpassed 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 $7.21 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $6.88 billion.

For the year, the company reported a loss of $322 million, or 25 cents per share, swinging to a loss in the period. Revenue was reported as $26.98 billion.

For the current quarter ending in February, 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 $1.60 to $1.78 per share.

HP Enterprise shares have declined 29% 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

The Associated Press