Hewlett Packard: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Hewlett Packard (NYSE:HPE) reported Q4 earnings with an EPS of $0.52, beating estimates by 4.0% but with a revenue decrease of $520 million YoY. Last quarter's EPS beat resulted in a 3.09% share price increase the next day. Historical earnings data shows fluctuating performance over the past year.
November 28, 2023 | 9:25 pm
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Hewlett Packard reported a higher-than-expected Q4 EPS at $0.52, beating estimates by 4%, but experienced a revenue decline from the previous year. Historical data suggests a potential positive reaction in share price following earnings beats.
The positive earnings surprise of 4% is likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price, similar to the 3.09% rise after the last quarter's earnings beat. However, the decline in revenue could temper some of the positive sentiment, making the overall impact moderately positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100