Hewlett Packard Enterprise (HPE) Tops Q3 EPS by 4c
Hewlett Packard Enterprise (NYSE: HPE) reported Q3 EPS of $0.30, $0.04 better than the analyst estimate of $0.26. Revenue for the quarter came in at $8.2 billion versus the consensus estimate of $7.49 billion.
For the fiscal 2017 fourth quarter, Hewlett Packard Enterprise estimates GAAP diluted net EPS to be in the range of $0.00 to $0.04 and non-GAAP diluted net EPS to be in the range of $0.26 to $0.30. Fiscal 2017 fourth quarter non-GAAP diluted net EPS from continuing operations estimates exclude after-tax costs of approximately $0.26 per diluted share, related primarily to separation costs, restructuring charges, the amortization of intangible assets, acquisition and other related charges and an adjustment to earnings from equity interests.
HPE is adjusting its fiscal 2017 full year outlook in connection with the close of the Software transaction. As previously disclosed, the Software transaction will impact HPE’s fiscal 2017 diluted net EPS by approximately $0.13, including Software-related stranded costs. For fiscal 2017, Hewlett Packard Enterprise estimates GAAP diluted net EPS to be in the range of ($0.11) to ($0.07) and non-GAAP diluted net EPS to be in the range of $1.36 to $1.40. Fiscal 2017 non-GAAP diluted net EPS from continuing operations estimates exclude after-tax costs of approximately $1.47 per diluted share, related primarily to valuation allowances and divestiture taxes, separation costs, restructuring charges, transformation costs, amortization of intangible assets, acquisition and other related charges and an adjustment to earnings from equity interests.
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