Hewlett Packard Rises On Better-Than-Expected FY21 EPS Outlook

Hewlett Packard Enterprise shares rose 2.5% in extended trading on Thursday after it provided FY21 EPS outlook in the range of $1.56 to $1.76, much higher than the analysts’ expectations of $1.46. The FY21 EPS outlook is also 10% higher year-over-year at the mid-point.Hewlett Packard Enterprise (HPE) also projects FY21 free cash flow in the range of $0.9 billion to $1.1 billion, up 65% year-over-year at the mid-point.At the same time, the enterprise information technology company laid out a three-year financial outlook and expects currency-adjusted annualized revenues to grow in the range of 1% to 3% through 2023. The company …read more

Source:: Yahoo Finance

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