HP Enterprise Earnings Top Estimates. Why Its Stock Is Dropping. – Barrons

Hewlett Packard Enterprise shares traded lower Tuesday even though the computing hardware company reported fiscal fourth-quarter profits that hit the high end of the range investors had been told to expect.

For the fiscal fourth quarter ended Oct. 31, HP Enterprise (ticker: HPE) posted revenue of $7.35 billion, up 2% from a year ago, or flat adjusted for currency. The number was up 7% sequentially, but a hair below the $7.38 billion that Wall Street expected.


Leave a comment

Your email address will not be published. Required fields are marked *