Hewlett-Packard Enterprise Stock Rises On Q2 Earnings, Company Sees Stronger EPS Than Previously Forecasted

Benzinga

Hewlett-Packard reported second-quarter earnings that missed analyst expectations, according to Benzinga. The company posted second-quarter revenue of $7.63 billion, below the $8.17 billion estimate, and adjusted earnings of 38 cents per share, falling short of the projected 41 cents. Total revenue rose 6% year-over-year, and its annualized revenue run-rate climbed 46% to $2.2 billion. CEO Antonio Neri highlighted broad-based segment strength and emphasized profitability and innovation. HP declared a 13-cent dividend and issued weaker-than-expected third quarter guidance, forecasting revenue of $8.2 billion to $8.5 billion and EPS of 40 to 45 cents. Full-year revenue is expected to grow 7% to 9%. Shares rose 3.17% after hours.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Hewlett-Packard reported second-quarter earnings that missed analyst expectations according to Benzinga.

00:07The company posted second-quarter revenue of $7.63 billion below the $8.17 billion estimate

00:12and adjusted earnings of $0.38 per share, falling short of the projected $0.41.

00:16Total revenue rose 6% year-over-year, and its annualized revenue run rate climbed 46% to $2.2 billion.

00:23CEO Antonio Neary highlighted broad-based segment strength

00:27and reiterated a focus on profitability and innovation.

00:30HP declared a $0.13 dividend and issued weaker-than-expected third-quarter guidance,

00:35forecasting revenue of $8.2 billion to $8.5 billion and EPS of $0.40 to $0.45.

00:40Full-year revenue is expected to grow 7% to 9%, and shares rose 3.1% after hours.

00:47For all things money, visit Benzinga.com slash GSTV.

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