Hewlett Packard Enterprise falls in afterhours despite lifting annual guidance

Investing.com -- Hewlett Packard Enterprise on Wednesday lifted its full-year earnings guidance on AI-led demand optimism following fiscal third-quarter results that beat Wall Street estimates on both the top and bottom lines.      

Hewlett Packard Enterprise Co (NYSE:HPE ) fell 3% in after hours following the report.

HP (NYSE:HPQ ) reported Q3 EPS of $0.50 on revenue of $7.71 billion, compared with estimates of $0.47 and $7.66B, respectively.

"These results reflect our momentum in delivering on our edge-to-cloud strategy across networking, hybrid cloud, and AI," the company said.

For fiscal Q4, adjusted EPS was guided in a range of $0.76 to $0.81, beating EPS estimates of $0.55. Revenue was guided between $8.1B and $8.4B, compared with estimates of $8.15B.

For the full-year, adjusted EPS was guided in a range of $1.92 to $1.97, up from a prior estimate of $1.82 to $1.95, with revenue growth expected in a range of 1% to 3%. 

Source: Investing.com