Salesforce.com (NYSE:CRM) topped expectations in its fiscal Q3 2018 earnings report, bringing in 39 cents per share -- a 2-cent beat, but also 66% growth year over year) -- on $2.68 billion in revenues that came in slightly ahead of expectations. Guidance for fiscal year 2018 was bumped up to $1.32-1.33; the Zacks consensus had it at $1.31 ahead of the report. Shares are selling off 1% on the news, though CRM stock had been up 59% year to date. For more info on CRM's earnings, click here.
Hewlett Packard Enterprise (NYSE:HPE) beat fiscal Q4 2017 estimates on both top and bottom lines, posting 30 cents per share on revenues of $8.2 billion in the quarter, outperforming the 28 cents and $7.71 billion, respectively, in the Zacks consensus estimates. The company, which split in half from Hewlett-Packard Inc. 2 years ago, kept guidance for Q1 and full-year 2018 within range of Zacks estimates. This marks the second-consecutive beat for HPE, but shares have nevertheless sold off more than 7% in late trading. For more info on HPE's earnings, click here.
Its split partner, HP Inc. (NYSE:HPQ) , also reported fiscal Q4 earnings, meeting the 44 cents per share expected on $13.9 billion, which surpassed the Zacks consensus $13.3 billion. Guidance for Q1 2018 is for 38-42 cents per share; the Zacks estimate is already at 42 cents. Full-year 2018, the company guided to $1.70-1.80 per share; our estimate is $1.78. Shares are down more than 5% in late trading on the news. While HPQ had been up more than 51% year to date, HPE has sold off 39%.
HP Inc. (HPQ): Free Stock Analysis Report
Hewlett Packard Enterprise Company (HPE): Free Stock Analysis Report
Salesforce.com Inc (CRM): Free Stock Analysis Report
Original post
Zacks Investment Research
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Salesforce, Hewlett Packard Slip Post-Earnings
Published 11/21/2017, 05:44 AM
Updated 07/09/2023, 06:31 AM
Salesforce, Hewlett Packard Slip Post-Earnings
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