Jefferies Cuts Price Target on Hewlett Packard Enterprise (HPE) to $27
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HPE Reports Fiscal 2016 Full-Year and Fourth Quarter Results
November 22, 2016 4:07 PM ESTPALO ALTO, CA -- (Marketwired) -- 11/22/16 -- Hewlett Packard Enterprise (NYSE: HPE)
Fiscal 2016 results
Fiscal 2016 net revenue of $50.1 billion, down 4% from the prior-year period and up 2% when adjusted for divestitures and currency Fiscal 2016 GAAP diluted net earnings per share of $1.82, below the previously provided outlook of $2.09 to $2.14 Fiscal 2016 non-GAAP diluted net earnings per share of $1.92, within the previously provided outlook of $1.90 to $1.95 Fiscal 2016 cash flow from operations of $5.0 billion, up 27% from adjusted cash flow from operations in the prior-year period Returned $3.0 billion to... More
