Hewlett Packard Enterprise (HPE) Tops Q1 EPS by 1c; Guides Lower

Hewlett Packard Enterprise (NYSE: HPE) reported Q1 EPS of $0.45, $0.01 better than the analyst estimate of $0.44. Revenue for the quarter came in at $11.4 billion versus the consensus estimate of $12.07 billion.

GUIDANCE:

Hewlett Packard Enterprise sees FY2017 EPS of $1.88-$1.98, versus the consensus of $2.05 and from $2.00 to $2.10 prior.

• First quarter GAAP diluted net earnings per share of $0.16, above the previously provided outlook of $0.03 to $0.07 per share
• First quarter non-GAAP diluted net earnings per share of $0.45, near the high end of the previously provided outlook of $0.42 to $0.46 per share
• First quarter net revenue of $11.4 billion, down 10% from the prior-year period and down 4% when adjusted for divestitures and currency
• First quarter cash flow from operations of ($1.5) billion, down from ($75) million in the prior-year period
• Returned $750 million to shareholders in the form of share repurchases and dividends
• Updates FY17 GAAP diluted net EPS outlook to $0.60 to $0.70 from $0.72 to $0.82
• Updates FY17 non-GAAP diluted net EPS outlook to $1.88 to $1.98 from $2.00 to $2.10

For earnings history and earnings-related data on Hewlett Packard Enterprise (HPE) click here.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• JPMorgan Starts ICICI Prudential Asset Management (ICICIAMC:IN) at Overweight
• Pfizer lung cancer drug misses survival goal in Phase 3 trial