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
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
