Hewlett Packard Enterprise (HPE) Misses Q2 EPS by 8c

Hewlett Packard Enterprise (NYSE: HPE) reported Q2 EPS of $0.22, $0.08 worse than the analyst estimate of $0.30. Revenue for the quarter came in at $6 billion versus the consensus estimate of $6.32 billion.

Fiscal Year 2020 Outlook

On April 6, 2020, HPE filed an 8K to withdraw fiscal year 2020 guidance due to increased level of uncertainty in which the global COVID-19 pandemic may adversely impact business operations, financial performance and results of operations. Consistent with that filing, HPE will not be providing fiscal year 2020 third quarter or full year guidance.

1Backlog represents the price of firm orders related to fiscal 2020 second quarter and prior quarters for which work has not been performed or goods have not been delivered as of April, 30 2020.

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

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