Hewlett-Packard split itself into two separate companies on Nov. 2, 2015. The first, Hewlett Packard Enterprise Co (NYSE:HPE), focuses on selling hardware such as servers and data centers, while HP Inc (NYSE:HPQ) focuses on selling individual printers and personal computers to consumers and businesses.
On Thursday the two separate entities reported their respective earnings results. Here is a summary of the print.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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Hewlett Packard Enterprise
- HPE earned $0.45 per share in the fiscal first quarter on revenue of $11.4 billion.
- Wall Street analysts were expecting the company to earn $0.44 per share on revenue of $12.07 billion.
- Revenue fell 10 percent from the same quarter a year ago and was lower by 4 percent when adjusted for divestitures and currency.
- HPE cited three "significant" headwinds moving forward: 1) foreign exchange, 2) higher commodity pricing and 3) some near-term execution issues.
- Given HPE's headwinds, the company slashed its fiscal 2017 earnings per share outlook by $0.12.
- HPE expects to earn $1.88 to $1.98 per share for the full year versus the $2.10 per share analysts are expecting.
- Shares of HPE were trading lower by around 9 percent ahead of Friday's market open.
- However, shares are higher by around 80 percent over the past year and higher by 45 percent since the parent company split itself into two entities.
HP Inc.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.