Hewlett Packard Enterprise Stock Slumps After-Hours On Mixed Q4 Earnings
Synopsis
The company, however, hiked its fiscal 2026 adjusted earnings outlook to a range of $2.25 to $2.45 per share and raised the midpoint of free cash flow guidance.
Shares of Hewlett Packard Enterprise Co (HPE) fell 5% after-hours on Thursday after the information technology company reported mixed fourth quarter (Q4) earnings and hiked its guidance for fiscal year 2026.
The stock closed 3% higher on Thursday.
The company reported Q4 revenue of $9.7 billion, marking a growth of 14% year-on-year in dollars, but below an analyst estimate of $9.91 billion, according to data from Fiscal AI.
Adjusted earnings per share, however, came in at $0.62, above the company’s outlook range of $0.56 - $0.60, and beat Wall Street expectations of $0.58.
The company also hiked its fiscal 2026 adjusted earnings outlook to a range of $2.25 to $2.45 per share and raised the midpoint of free cash flow guidance, now expected to be in the range of $1.7 billion to $2 billion.
Get updates to this developing story directly on Stocktwits.<
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.