Hewlett Packard Q4 Adj EPS $0.52 Beats $0.50 Estimate, Sales $7.351B Miss $7.352B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hewlett Packard (HPE) reported Q4 adjusted earnings per share (EPS) of $0.52, surpassing the consensus estimate of $0.50 by 4%. However, the company's earnings represent an 8.77% decline from the $0.57 per share reported in the same quarter last year. HPE's quarterly sales reached $7.351 billion, narrowly missing the consensus estimate of $7.352 billion by 0.01% and marking a 6.61% decrease from the $7.87 billion reported in the same period last year.
November 28, 2023 | 9:08 pm
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Hewlett Packard reported Q4 adjusted EPS of $0.52, beating estimates by 4%, but saw an 8.77% decrease from last year's earnings. Sales of $7.351B slightly missed estimates and were down 6.61% from the previous year.
While HPE beat EPS estimates, the slight miss in sales and the year-over-year declines in both earnings and revenue could lead to mixed investor sentiment. The EPS beat may provide some positive momentum, but the overall decline in financial performance is likely to temper any significant stock price movement in the short term.
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