Hewlett Packard Enterprise Comp (HPE) said after close Tuesday that it earned $0.52 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $7.4 billion, missing estimates by $9 million.
In the same quarter a year ago, the company earned $0.57 per share on revenue of $7.9 billion.
The stock is up 7.57% to $16.70 after the report.
The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.
Wall Street Analysts had an average rating of Hold on the stock prior to the report.
InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.
Prior to the report, InvestorsObserver gave the stock an overall score of 47. Meanwhile, the average Wall Street analyst rated the stock a Hold.
Hewlett Packard Enterprise is a supplier of IT infrastructure products and services. The company operates as six segments. Its compute division primarily sells computer servers and services. The high-performance compute segment includes its Cray supercomputers. Storage arrays are sold out of the storage segment, and the intelligent edge group sells Aruba networking products and services. HPE's financial services division offers financing and leasing plans for customers. The Palo Alto, California-based company sells on a global scale and has approximately 60,000 employees.
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Hewlett Packard Enterprise Comp Up 7.57% To $16.70 After Earnings Beat
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