Hewlett Packard Enterprise (NYSE: HPE) fiscal fourth-quarter report beat analysts expectations for the sixth straight quarter. However, the earnings report sent the Company’s stock downward of 3% after the bell on Tuesday.
On an adjusted basis when considering one-time gains and costs, Hewlett Packard reported earnings of 45 cents per share on revenue of USD 7.95 Billion. Topping analysts expectations of 43 cents a share and revenues of USD 7.84 Billion. In August, the company reported earnings of 37 cents per share on revenue of $7.68 billion. For the fiscal year, the tech company brought in a profit of USD 1.91 Billion, or $1.23 per share, while revenue came in at USD 30.85 Billion.
Despite the impressive quarterly earnings HPE stock went down to about 3.5% late Tuesday. In anticipation of the Company’s fourth-quarter report, shares had been declining about 2.9% during regular trading hours.
Looking forward to the fiscal year 2019, Hewlett Packard expects earnings to be between $1.51 and $1.61 per share, an 8% upside over last year’s total.
“Hewlett Packard Enterprise delivered another impressive quarter in Q4, concluding a very successful fiscal year 2018 marked by significant transformation and achievement,” said Antonio Neri, President, and CEO of HPE, in a press release. “We excelled in delivering differentiated new capabilities for our customers that drove meaningful top-line growth while expanding margins that fueled strong cash flow and shareholder returns.”