Investing.com - Financial Markets Worldwide
🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Hewlett Packard Enterprise reports Q3 beat, shares fall on mixed guidance

AuthorDavit Kirakosyan
Published 30/08/2023, 07:22 am
© Reuters.
HPE
-

Hewlett Packard Enterprise (NYSE:HPE) shares fell more than 4% after-hours following the company’s reported Q3 results.

While Q3 EPS of $0.49 and revenue of $7 billion (up 1% year-over-year) came in above the consensus estimates of $0.47 and $6.99B, respectively, the company’s guidance was mixed. Annualized revenue run-rate (ARR) grew 48% year-over-year (in constant currency) to $1.3 billion.

“HPE delivered another solid quarter in Q3, powered by standout performances in the Intelligent Edge and HPE GreenLake. Demand improved sequentially across all key business segments, with particular strength in our HPC & AI segment as customers discover HPE’s unique capabilities to power unprecedented levels of performance for AI at scale,” said CEO Antonio Neri.

For Q4/23, the company expects EPS in the range of $0.48-$0.52, compared to the consensus of $0.49, and revenue in the range of $7.2-$7.5B, compared to the consensus of $7.49B.

For the full year, the company expects EPS of $2.11-$2.15, compared to the consensus estimate of $2.11.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.