Hewlett Packard Enterprise Shares Surge 8% on Q3 Beat
<p><a href='https://financialmodelingprep.com/financial-summary/HPE'>Hewlett Packard Enterprise (NYSE:HPE)</a> shares gained more than 8% today following the company’s reported Q4 results, with revenue of $7.9 billion coming in better than the consensus estimate of $7.4 billion. EPS of $0.57 was in line with expectations. </p>
<p>According to the analysts at Deutsche Bank, the strong Q4 results were driven by strength in Compute and easing supply constraints, which more than offset the shortfall in HPC/AI. Revenue guidance for Q1 was also higher than the Street estimates, partially driven by the delayed recognition of Project Frontier.</p>
<p>Q1/23 EPS is expected to be in the range of $0.50-$0.58, compared to the Street estimate of $0.49. Revenue is expected in the range of $7.2-7.6 billion, compared to the Street estimate of $7 billion.</p>
<p>For fiscal 2023, the company expects EPS to be in the range of $1.96-$2.04, compared to the Street estimate of $2.03.</p>

NYSE:HPE