- HP Enterprise reports 2Q loss
PALO ALTO, Calif. (AP) _ Hewlett Packard Enterprise Co. (HPE) on Wednesday reported a fiscal second-quarter loss of $612 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Palo Alto, California-based company said it had a loss of 37 cents. Earnings, adjusted for pretax expenses and non-recurring costs, came to 25 cents per share.
The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.
The information technology products and services provider posted revenue of $9.9 billion in the period, exceeding Street forecasts. Seven analysts surveyed by Zacks expected $9.87 billion.
For the current quarter ending in August, HP Enterprise expects its per-share earnings to range from 24 cents to 28 cents.
The company expects full-year earnings in the range of $1.46 to $1.56 per share.
HP Enterprise shares have fallen 19 percent since the beginning of the year.
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