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Hewlett Packard Enterprise Lifts FY Profit Outlook

(RTTNews) - Hewlett Packard Enterprise (HPE) Thursday lifted its earnings outlook for the full year 2021.

Hewlett Packard Enterprise now expects earnings of $0.80 to $0.88 per share, up from prior outlook of $0.60 to $0.72 per share. The company now expects adjusted earnings of $1.88 to $1.96 per share, up from previous forecast of $1.82 to $1.94 per share.

Analysts polled by Thomson Reuters currently expect earnings of $1.89 per share for the full year 2021. Analysts' estimates typically exclude one-time items.

The company also raised its free cash flow guidance range to $1.5 billion to $1.7 billion from $1.2 billion to $1.5 billion.

Further, the board of directors declared a regular cash dividend of $0.12 per share. The dividend is payable on October 6, 2021, to stockholders of record as of on September 13, 2021.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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