Company news: Hewlett Packard Enterprise’s (HPE) quarterly results beat analysts’ forecasts

Hewlett Packard Enterprise (HPE) reported Q3 FY2024 earnings of $0.50 per share (versus $0.49 per share in Q3 FY2023), beating analysts’ consensus estimate of $0.47 per share.

The company’s quarterly revenues amounted to $7.710 bln (+10.1% y/y), slightly beating analysts’ consensus estimate of $7.670 bln.

The company also issued in-line guidance for Q4 FY2024, seeing EPS of $0.52-0.57 versus analysts’ consensus estimate of $0.55 and revenues of $8.10-8.40 bln versus analysts’ consensus estimate of $8.16 bln.

HPE fell to $18.29 (-2.56%) in pre-market trading.