Categories AlphaGraphs, Earnings, Technology

Hewlett Packard Enterprise (HPE) crushes Q3 2020 estimates; provides Q4 and FY20 outlook

Hewlett Packard Enterprise’s (NYSE: HPE) third quarter 2020 results beat the market’s targets. The company also provided earnings outlook for its Q4 and fiscal year 2020. HPE shares jumped about 7% in the extended-hours of the trading session.

Hewlett Packard Enterprise (HPE) Q3 2020 Earnings Infograph

For  Q4 2020, HPE expects GAAP earnings per share of $0.02 to $0.06 and non-GAAP earnings per share of $0.32 to $0.36. For the fiscal year 2020, GAAP net loss per share is estimated to be $0.35 between $0.31. FY 2020 non-GAAP net earnings per share is touted to be between $1.30 and $1.34.

“Navigating through the pandemic and planning for a post-COVID world have increased customers’ needs for as-a-service offerings, secure connectivity, remote work capabilities and analytics to unlock insights from data that are aligned to our strategy. We see a tremendous opportunity to help our customers drive digital transformations as they continue to adapt to operate in a new world,” said CEO Antonio Neri.

Looking forward to read what management and analysts discuss on quarterly results? Stay tuned here for Hewlett Packard Enterprise Q3 2020 earnings call transcript

Also Read:  AstroNova Inc. (ALOT) Q2 2021 Earnings Call Transcript

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