Hewlett Packard Enterprise Q3 Profit Declines 41%

(RTTNews) - Hewlett Packard Enterprise (HPE) released earnings for third quarter that retreated from last year.

The company said its bottom line dropped to $497 million, or $0.30 per share. This was lower than $840 million, or $0.49 per share, in last year's third quarter.

Analysts had expected the company to earn $0.26 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.5% to $8.21 billion. This was up from $8.01 billion last year.

Hewlett Packard Enterprise earnings at a glance:

-Earnings (Q3): $497 Mln. vs. $840 Mln. last year. -Earnings Decline (Y-o-Y): -40.8% -EPS (Q3): $0.30 vs. $0.49 last year. -EPS Decline (Y-o-Y): -38.8% -Analysts Estimate: $0.26 -Revenue (Q3): $8.21 Bln vs. $8.01 Bln last year. -Revenue Change (Y-o-Y): 2.5%

-Guidance: Next quarter EPS guidance: $0.26 to $0.30 Full year EPS guidance: 1.36 to $1.40