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Hewlett Packard Enterprise Company (HPE - Free Report) just released its latest quarterly financial results, posting adjusted earnings of 34 cents per share and revenues of $7.5 billion.
Currently, HPE is a Zacks Rank #3 (Hold), but that could change based on today’s results. Shares of the company have gained about 0.5% over the past month but lost nearly 0.6% during regular trading hours today.
The stock is currently up 0.5% to $17.49 per share in after-hours trading shortly after its earnings report was released.
HPE:
Beat earnings estimates. The company posted non-GAAP earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.31. Investors should note that this consensus projection has trended upward over the duration of the quarter.
Beat revenue estimates. The company saw revenue figures of $7.5 billion, beating our consensus estimate of $7.39 billion. Total revenue was up 10% from the prior-year period.
Hybrid IT revenue was $6.0 billion, up 7% year over year. Intelligent Edge revenue surged 17% to touch $710 million. Financial Services revenue was $916 million, a 5% improvement. During the quarter, HPE returned $1 billion to shareholders in the form of share repurchases and dividends, in line with its previously announced commitment to return $7 billion through fiscal 2019.
“I am very pleased with our strong performance in Q2,” said CEO Antonio Neri. “We delivered revenue growth in all business segments, expanded overall profitability, completed important milestones in our HPE Next initiative and continued to invest in innovation. I’m confident we will deliver on our annual FY18 outlook.”
HPE raised its fiscal 2018 non-GAAP net earnings per share outlook to $1.40 to $1.50. The latest Zacks Consensus Estimate prior to the announcement was calling for adjusted full-year earnings of $1.40 per share.
Here’s a graph that looks at HP Enterprise’s recent earnings performance:
Hewlett Packard Enterprise Company Price, Consensus and EPS Surprise
Hewlett Packard Enterprise Company was formed as a result of the split of Hewlett-Packard Company into two separate entities – one focusing on the enterprise-facing hardware and service business and the other focusing on the consumer-facing computer and printer segments.
Check back later for our full analysis on HPE’s earnings report!
Want more market analysis from this author? Make sure to follow @Ryan_McQueeneyon Twitter!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
HPE Tops Profit & Revenue Estimates, Raises 2018 Earnings Guidance
Hewlett Packard Enterprise Company (HPE - Free Report) just released its latest quarterly financial results, posting adjusted earnings of 34 cents per share and revenues of $7.5 billion.
Currently, HPE is a Zacks Rank #3 (Hold), but that could change based on today’s results. Shares of the company have gained about 0.5% over the past month but lost nearly 0.6% during regular trading hours today.
The stock is currently up 0.5% to $17.49 per share in after-hours trading shortly after its earnings report was released.
HPE:
Beat earnings estimates. The company posted non-GAAP earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.31. Investors should note that this consensus projection has trended upward over the duration of the quarter.
Beat revenue estimates. The company saw revenue figures of $7.5 billion, beating our consensus estimate of $7.39 billion. Total revenue was up 10% from the prior-year period.
Hybrid IT revenue was $6.0 billion, up 7% year over year. Intelligent Edge revenue surged 17% to touch $710 million. Financial Services revenue was $916 million, a 5% improvement. During the quarter, HPE returned $1 billion to shareholders in the form of share repurchases and dividends, in line with its previously announced commitment to return $7 billion through fiscal 2019.
“I am very pleased with our strong performance in Q2,” said CEO Antonio Neri. “We delivered revenue growth in all business segments, expanded overall profitability, completed important milestones in our HPE Next initiative and continued to invest in innovation. I’m confident we will deliver on our annual FY18 outlook.”
HPE raised its fiscal 2018 non-GAAP net earnings per share outlook to $1.40 to $1.50. The latest Zacks Consensus Estimate prior to the announcement was calling for adjusted full-year earnings of $1.40 per share.
Here’s a graph that looks at HP Enterprise’s recent earnings performance:
Hewlett Packard Enterprise Company Price, Consensus and EPS Surprise
Hewlett Packard Enterprise Company Price, Consensus and EPS Surprise | Hewlett Packard Enterprise Company Quote
Hewlett Packard Enterprise Company was formed as a result of the split of Hewlett-Packard Company into two separate entities – one focusing on the enterprise-facing hardware and service business and the other focusing on the consumer-facing computer and printer segments.
Check back later for our full analysis on HPE’s earnings report!
Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>