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Hewlett Packard Enterprise Shares Drop 6% on Q2 Miss, Provides Guidance

Published 01/06/2022, 22:56
© Reuters.
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By Davit Kirakosyan

Hewlett Packard Enterprise (NYSE:HPE) shares dropped more than 6% after-hours following the company’s reported Q2 results, with EPS of $0.44 coming in worse than the consensus estimate of $0.45. Revenue was $6.7 billion, missing the consensus estimate of $6.79 billion.

Annualized revenue run-rate (ARR) was up 25% year-over-year to $829 million, and total as-a-Service orders were up 107% year-over-year, representing the third consecutive quarter of orders doubling.

The company expects Q3/22 EPS in the range of $0.44-$0.54, compared to the consensus estimate of $0.52.

For the full 2022-year, the company expects EPS in the range of $1.96-$2.10, compared to the consensus estimate of $2.09. The company reiterated its 2022 revenue growth guidance of 3%-4% adjusted for currency.

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