India, May 24 -- Hewlett Packard Enterprise (HPE) Thursday said its profit for the second quarter trumped Wall Street estimates, however, revenues fell short of expectations. Moving ahead, the company lifted its full-year earnings outlook.
San Jose, California-based HPE reported second-quarter profit of $419 million or $0.30 per share, down from $778 million or $0.49 per share last year.
On an adjusted basis, earnings were $0.42 per share, up from $0.32 per share last year. On average, 19 analysts polled by Thomson Reuters estimated earnings of $0.37 per share for the quarter.
Revenues for the quarter rose 4.3% to $7.15 billion from $7.47 billion last year. Analysts had a consensus revenue estimate of $7.40 billion for the quarter.
"In ...