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HP Enterprise guide
HOUSTON (AP) _ Hewlett Packard business Co. (HPE) on Tuesday said fiscal second-quarter net income of $259 million, after reporting a loss within the same period a 12 months previous. The Houston-based company observed it had income of 19 cents per share. revenue, adjusted for non-habitual charges and stock alternative rate, got here to 46 cents per share.
The effects surpassed Wall highway expectations. The usual estimate of six analysts surveyed through Zacks investment analysis became for revenue of forty two cents per share.
The tips know-how products and features provider posted profits of $6.7 billion in the duration, which additionally beat street forecasts. 5 analysts surveyed through Zacks expected $6.6 billion.
For the latest quarter ending in August, HP business expects its per-share revenue to range from 38 cents to 44 cents.
The company expects full-yr profits within the range of $1.eighty two to $1.ninety four per share.
HP enterprise shares have increased 36% given that the starting of the year.
_____
This story turned into generated by using automatic Insights (http://automatedinsights.com/ap) the use of information from Zacks funding analysis. access a Zacks stock file on HPE at https://www.zacks.com/ap/HPE
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