Categories AlphaGraphs, Earnings, Technology
Infographic: Highlights of Hewlett Packard’s (HPE) Q1 2021 earnings report
Technology firm Hewlett Packard Enterprise Company (NYSE: HPE) reported higher earnings for the first quarter of 2021, despite a decrease in revenues. The numbers surpassed the consensus forecast.
First-quarter earnings, adjusted for special items, rose to $0.52 per share from $0.50 per share in the corresponding period of last year. Net profit was $223 million or $17 per share, compared to $333 million or $0.25 per share recorded in the first quarter of 2020. The bottom-line also came in above estimates.
At $6.8 billion, revenues were down 2% year-over-year in the first three months of fiscal 2021. Analysts had predicted a bigger drop.
Read management/analysts’ comments on HPE’s Q1 report
Shares of Hewlett Packard have gained 26% since the beginning of the year. The stock closed Tuesday’s session lower but gained in the after-hours trading following the earnings announcement.
Most Popular
What to look for when CVS Health (CVS) reports Q3 earnings
Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain
eBay (EBAY): A few factors that helped drive growth in Q3 2024
Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to