Hewlett Packard Enterprise Shares Slide On Weaker-than-expected Earnings

By Sue Chang Markets MarketWatch Pulse

Shares of Hewlett Packard Enterprise Co. fell in Wednesday's extended session after the enterprise technology company posted disappointing quarterly results. HPE reported its second-quarter earnings swung to a loss of $612 million, or 37 cents a share, from a profit of $320 million, or 18 cents a share, a year earlier. On an adjusted basis, HPE would have earned 25 cents a share. Revenue fell to $7.45 billion from $8.51 billion. Analysts surveyed by FactSet had forecast earnings of 35 cents a share on revenue of $9.73 billion. HPE expects third-quarter adjusted earnings per share of 24 cents to 28 cents. For the full year, HPE projected EPS of $1.46 to $1.56. HPE shares slid 2.7% after hours.

Continue Reading Below

Copyright © 2017 MarketWatch, Inc.