Home Stock Hewlett Packard Enterprise shares drop 5% on Q2 income miss By Investing.com

Hewlett Packard Enterprise shares drop 5% on Q2 income miss By Investing.com

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Hewlett Packard Enterprise shares drop 5% on Q2 income miss By Investing.com

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© Reuters. Hewlett Packard Enterprise shares drop 5% on Q2 income miss

Hewlett Packard Enterprise (NYSE:) shares plunged greater than 5% after-hours following the corporate’s reported , with income of $7 billion (up 4% year-over-year) coming in worse than the consensus estimate of $7.31B.

EPS was $0.52, in comparison with the consensus estimate of $0.49. Annualized income run-rate elevated 35% year-over-year (up 38% in fixed forex) to $1.1B.

The corporate expects Q3/23 EPS within the vary of $0.44-$0.48, in comparison with the consensus of $0.46, and income within the vary of $6.7-$7.2B, worse than the consensus of $7.24B.

For the complete yr, the corporate expects EPS within the vary of $2.06-$2.14, in comparison with the consensus of $2.07. Income progress is seen at 4%-6% in fixed forex.

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