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.

Hewlett Packard Enterprise Q4 2020 earnings infographic

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.

  • Hewlett Packard Enterprise Q4 2019 Earnings Infographic
  • HPE delivered Q3 adjusted earnings of 45 cents per share, beating Wall Street expectation of 40 cents per share

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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