Recap: Hewlett Packard Q3 Earnings

Shares of Hewlett Packard HPE rose 6.11% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 28.89% year over year to $0.32, which beat the estimate of $0.23.

Revenue of $6,816,000,000 decreased by 5.56% year over year, which beat the estimate of $6,060,000,000.

Guidance

Hewlett Packard hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Aug 25, 2020

Time: 05:00 PM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/hpe/mediaframe/40108/indexr.html

Technicals

Company's 52-week high was at $17.59

52-week low: $7.43

Price action over last quarter: Up 9.05%

Company Description

Hewlett Packard Enterprise is a supplier of IT infrastructure products and services. The company operates as three major segments. Its hybrid IT division primarily sells computer servers, storage arrays, and Pointnext technical services. The intelligent edge group sells Aruba networking products and services. HPE's financial services division offers financing and leasing plans for customers. The Palo Alto, California-based company sells on a global scale and has approximately 66,000 employees.