© Reuters. Hewlett Packard Enterprise shares drop 5% on Q2 revenue miss
Hewlett Packard Enterprise (NYSE:) shares plunged more than 5% after-hours following the company’s reported , with revenue of $7 billion (up 4% year-over-year) coming in worse than the consensus estimate of $7.31B.
EPS was $0.52, compared to the consensus estimate of $0.49. Annualized revenue run-rate increased 35% year-over-year (up 38% in constant currency) to $1.1B.
The company expects Q3/23 EPS in the range of $0.44-$0.48, compared to the consensus of $0.46, and revenue in the range of $6.7-$7.2B, worse than the consensus of $7.24B.
For the full year, the company expects EPS in the range of $2.06-$2.14, compared to the consensus of $2.07. Revenue growth is seen at 4%-6% in constant currency.
This story originally appeared on Investing
