Hewlett Packard Q1 EPS $0.48 Beats $0.45 Estimate, Sales $6.75B Miss $7.12B Estimate
Portfolio Pulse from Happy Mohamed
Hewlett Packard (HPE) reported Q1 earnings of $0.48 per share, surpassing the $0.45 estimate, but its sales of $6.75B fell short of the $7.12B estimate. This reflects a decrease in both earnings and sales compared to the same period last year.
February 29, 2024 | 9:07 pm
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HPE's Q1 earnings surpassed estimates but sales missed expectations, indicating mixed financial performance.
While HPE's earnings per share exceeded analyst expectations, the miss on sales forecasts could concern investors about revenue growth, potentially leading to a neutral short-term impact on the stock price. The decrease in earnings and sales compared to the previous year further complicates the outlook.
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RELEVANCE 100