SPRING, Texas (AP) — SPRING, Texas (AP) — Hewlett Packard Enterprise Co. (HPE) on Wednesday reported fiscal third-quarter profit of $512 million.
On a per-share basis, the Spring, Texas-based company said it had net income of 38 cents. Earnings, adjusted for one-time gains and costs, were 50 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.
The information technology products and services provider posted revenue of $7.71 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $7.67 billion.
For the current quarter ending in October, Hewlett Packard Enterprise expects its per-share earnings to range from 52 cents to 57 cents.
The company said it expects revenue in the range of $8.1 billion to $8.4 billion for the fiscal fourth quarter.
Hewlett Packard Enterprise expects full-year earnings in the range of $1.92 to $1.97 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HPE at https://www.zacks.com/ap/HPE
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