Hewlett Packard Enterprise Co (NYSE:HPE) shares are moving lower in extended trading Tuesday on the heels of the company’s second-quarter results.
- Q2 Revenue: $6.97 billion missed estimates of $7.31 billion
- Q2 EPS: 52 cents beat estimates of 48 cents
“These results demonstrate that our strategy to pivot our portfolio to higher-growth, higher-margin areas is working – and that we are operating with discipline,” said Tarek Robbiati, executive vice president and CFO of HPE.
HPE sees third-quarter revenue of $6.7 billion to $7.2 billion versus estimates of $7.24 billion. The company expects third-quarter earnings to be between 44 cents and 48 cents per share versus estimates of 46 cents per share.
HPE raised its full-year earnings guidance to a range of $2.06 to $2.14 per share versus estimates of $2.07 per share.
The stock appears to be reacting negatively to the worse-than-expected top-line number and weak revenue outlook.
HPE Price Action: HPE shares were down 6.19% after hours at $14.56 at the time of writing, per Benzinga Pro.
Photo: courtesy of HPE.
