Hewlett Packard Enterprise Surprises With Positive Outlook

(Bloomberg) — Hewlett Packard Enterprise Co. gave an outlook for earnings that was better than Wall Street was projecting, signaling that the server maker’s extensive cost cuts are paying off.Profit, excluding some items, will be 32 cents to 36 cents a share in the fiscal fourth quarter, compared with analysts’ estimates for 32 cents. For the full fiscal year, the San Jose, California-based company said it expects earnings per share of $1.30 to $1.34, beating projections for $1.20.Chief Executive Officer Antonio Neri has spent more than two years trying to rekindle growth at the once-storied maker of complex computer systems. …read more

Source:: Yahoo Finance

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