5 Stocks Gaining Attention After Releasing Their Earnings Reports

4. Hewlett Packard Enterprise Company (NYSE:HPE)

Number of Hedge Fund Holders: 33

Hewlett Packard Enterprise Company (NYSE:HPE) recently came into the limelight after announcing mixed financial results for its fiscal fourth quarter. The Texas-based tech company earned 52 cents per share, exceeding the consensus forecast of 48 cents per share.

Revenue for the quarter came in at $7.35 billion, up two percent from the year-ago quarter but missed analysts’ average estimate of $7.38 billion. If we look at the performance of key segments, Compute revenue in the quarter inched up one percent versus last year to $3.2 billion. In comparison, Storage revenue increased three percent to $1.3 billion, while Intelligent Edge revenue rose four percent to $815 million in the quarter.

Hewlett Packard Enterprise Company (NYSE:HPE) also released the profit outlook for its fiscal first quarter and FY 2022. It expects adjusted earnings in the range of 42 cents – 50 cents per share for the current quarter. For its FY 2022, it expects adjusted earnings between $1.96 -$2.10 per share.

Speaking on the results, CFO Tarek Robbiati said:

“HPE executed with discipline and exceeded all of our key financial targets in FY21. The demand environment has been incredibly strong and accelerated in the second half of the year, which gives us important momentum headed into next year. We are operating with greater focus and more agility and are well positioned to deliver against our FY22 outlook.”