Categories AlphaGraphs, Earnings, Technology
Infographic: Highlights of Hewlett Packard’s (HPE) Q4 2020 earnings report
Technology company Hewlett Packard Enterprise (NYSE: HPE) reported lower earnings for the fourth quarter of 2020, on flat revenues. But the numbers surpassed the consensus forecast.
Fourth-quarter earnings, adjusted for special items, dropped to $0.37 per share from $0.49 per share in the corresponding period of last year. Net profit was $157 million or $0.12 per share, down from $480 million or $0.36 per share recorded in the fourth quarter of 2019. The bottom-line, meanwhile, came in above estimates.
At $7.2 billion, revenues were unchanged year-over-year in the final three months of fiscal 2020. Analysts had predicted a modest decline.
Read management/analysts’ comments on HPE’s Q4 report
Shares of Hewlett Packard dropped 28% since the beginning of the year, underperforming the broad market. The stock closed Tuesday’s session higher but dropped in the after-hours trading following the earnings announcement.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Earnings calendar for the week of January 18
While the markets got a boost a couple of weeks ago after Congress passed the new stimulus bill, investors seem to have adopted a cautious stance as details of the
Can ReneSola count on pipeline, global expansion to stay on growth path?
After the initial lull, the renewables industry witnessed stable capacity addition during the pandemic, even as the lingering uncertainty underscored the need for energy self-reliance. Solar power companies like ReneSola
US retail sales fall for third straight month in December; 2020 holiday sales rise 8.3%
According to a report by the US Census Bureau, adjusted retail and food services sales totaled $540.9 billion in December 2020, down 0.7% from November 2020 but up 2.9% from
