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Hewlett Packard Enterprise shares up 4.3% after Q3 beats

Published 09/05/2017, 04:37 PM
© Reuters.  Hewlett Packard Enterprise shares up 4.3% after Q3 beats
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  • Hewlett Packard Enterprise (NYSE:HPE) shares are up 4.3% aftermarket following Q3 EPS and revenue beats. The company did miss Q4 consensus estimates with a forecasted EPS range from $0.26 to $0.30, 11 cents lower than consensus on the higher end. FY17 EPS guidance was adjusted down to $1.36 to $1.40, four cents under consensus at the high end. The guidance changes reflected the spin-merger of the Software business, which completed this quarter.
  • Segment revenue: Enterprise Group, $6.8B (+3% Y/Y); Software, $718M (-3%); Financial Services, $897M (+10%).
  • Segment operating margin: Enterprise Group, 9.3%; Software, 24.9%; Financial Services, 7.8%.
  • Key financials: Non-GAAP operating margin, 8.4% (-150 bps); net cash from operating activities, $891M; cash and equivalents, $7.8B.
  • Press release
  • Previously: Hewlett Packard Enterprise beats by $0.04, beats on revenue (Sept. 5)
  • Now read: Apple (NASDAQ:AAPL): Analysis Of Its New Long-Term Debt

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