12:38 p.m. Dec. 1, 2020
- By Jon Swartz
HPE says it is relocating HQ to Houston from San JoseShares of Hewlett Packard Enterprise Co. were flat in after-hours trading Tuesday after the information-technology giant reported fiscal fourth-quarter results, and disclosed it is moving its corporate headquarters to Houston from San Jose, Calif. Non-GAAP profits were 37 cents a share, ahead of street consensus of 34 cents a share. Net earnings were $157 million, or 12 cents a share, compared with net earnings of $9 million, or a penny a share, a year ago. Revenue was flat at $7.21 billion a year ago. "We've returned to pre-pandemic revenue, which makes this a fantastic quarter," HPE Chief Financial Officer Tarek Robbiati told MarketWatch. He said the move to Texas would be gradual, with HPE maintaining a strategic hub in San Jose. Analysts surveyed by FactSet had expected earnings of 45 cents a share on revenue of $6.98 billion. HPE shares are down 29% this year. The broader S&P 500 index has improved 13% in 2020.
1:04 p.m. Oct. 15, 2020
- By Jon Swartz
HPE shares rise 4% on improved fiscal 2021 outlookShares of Hewlett Packard Enterprise Co. were up 4% initially Thursday after the company improved fiscal 2021 financial outlook. HPE estimates non-GAAP diluted net earnings per share outlook of $1.56 to $1.76, up 10% year-over-year at the mid-point when adjusted for stock-based compensation expense. The company projects FY21 GAAP diluted net earnings per share outlook of 34 cents to 54 cents, up 77 cents year-over-year at the mid-point. "While the global pandemic is unlike any crisis we have ever faced, it has served as a catalyst, making digital transformation a strategic imperative for enterprises," HPE Chief Executive Antonio Neri said in a statement. "Enterprises need to deliver secure connectivity, remote work solutions, data analytics capabilities and mobile-first, cloud-like experiences to their employees and customers. And they need to do it with speed and flexibility, preserving liquidity to navigate the macro economic uncertainty and adapt to the new world. This is a significant opportunity for Hewlett Packard Enterprise."
1:14 p.m. Aug. 25, 2020
- By Jon Swartz
HPE shares jump 8% on revenue, earnings beatHewlett Packard Enterprise Co. shares surged 8% in after-hours trading Tuesday after the enterprise software and services provider reported fiscal third-quarter results that soundly Wall Street estimates.
8:16 a.m. July 28, 2020
- By Wallace Witkowski
AMD is weathering coronavirus while biggest rival struggles Advanced Micro Devices in the age of COVID-19: Work-from-home, play-from-home all depend on chip-based infrastructure, which is expected to remain in demand for the year Advanced Micro Devices in the age of COVID-19: Work-from-home, play-from-home all depend on chip-based infrastructure, which is expected to remain in demand for the yearAdvanced Micro Devices Inc. is expected to withstand the COVID-19 pandemic because it serves two areas in demand for millions of people being confined in their homes — work and play — but a prolonged economic downturn could muddle that outlook.
2:52 a.m. May 28, 2020
- By Jon Swartz
HP sales dive more than 11% despite work-from-home demand, stock falls in late trading Laptop sales grow as printing and desktop sales plunge, company’s third-quarter earnings forecast comes in below expectationsHP Inc. revenue dove more than 11% as COVID-19 washed across the globe despite greater demand for personal-computer equipment to equip workers suddenly forced to stay home, and shares fell 3% in the extended session Wednesday.
2:51 a.m. May 18, 2020
- By Emily Bary
Alibaba, Walmart and Target are about to show retailers’ view of the pandemic Earnings Watch: Walmart and Target will show early effect of pandemic on U.S. retail, but don’t expect forecastsU.S. retail companies will be eagerly watching Alibaba Group Holding Ltd.’s Friday morning report, when the Chinese e-commerce giant will show what it was like to operate in the heart of the COVID-19 outbreak and emerge on the other side.
2:23 a.m. April 20, 2020
- By Therese Poletti
We need tech more than ever, but that doesn’t mean we are willing to pay for it The tech industry in the age of COVID-19: People are online more than ever, but tech companies aren’t in line for an immediate financial windfallThe recent flip-flop in investor sentiment toward Zoom Video illustrates the double-edged sword that nearly every tech company faces during the coronavirus pandemic: while tech is needed now more than ever, there is also a downside scenario at nearly every tech company right now. The first quarter earnings season will be the first glimpse at that dichotomy.