HP Enterprise: raises targets for 2020-21
(CercleFinance.com) - Having reported a lower-than-expected decline in its quarterly adjusted EPS, on Tuesday evening HP Enterprise has raised its adjusted EPS target range for FY2020-21 to between 1.
60-1.78 dollar, against a previous estimated range of 1.56-1.76 dollar.
For Q4 2019-20, the IT services group reported adjusted EPS that is down 25.5% at 37 cents, although above its latest target range of 32 to 36 cents and above the consensus.
HP Enterprise's revenues were pretty flat year-on-year at 7.2 billion dollars, although were up 6% sequentially, with a particular acceleration in key growth areas, it said.
The market didn't seem over-enthusiastic about this however, with the share down about 0.3% in early Wall Street trading, in line with the S&P 500.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
60-1.78 dollar, against a previous estimated range of 1.56-1.76 dollar.
For Q4 2019-20, the IT services group reported adjusted EPS that is down 25.5% at 37 cents, although above its latest target range of 32 to 36 cents and above the consensus.
HP Enterprise's revenues were pretty flat year-on-year at 7.2 billion dollars, although were up 6% sequentially, with a particular acceleration in key growth areas, it said.
The market didn't seem over-enthusiastic about this however, with the share down about 0.3% in early Wall Street trading, in line with the S&P 500.
Copyright (c) 2020 CercleFinance.com. All rights reserved.