Shares of Hewlett Packard Enterprise Co. (HPE, Financial) fell on Wednesday after the company announced fourth-quarter results on Tuesday. EPS of 31 cents per share beat estimates by three cents. Revenue of $7.8 billion beat expectations of $7.7 billion, but decreased 37.5% year over year.
CEO Meg Whitman commented on the company's performance.
“With strong top line revenue growth, earnings above our previous outlook and our second consecutive quarter of sequential margin improvement, our fourth quarter results are a reflection of the progress we have made over the past two years to transform HPE into a nimble, focused and innovative organization."
Whitman also announced she is stepping down from her role early next year, causing shares to fall.Â
Shares of Salesforce.com, inc. (CRM, Financial) lost about 2.5% on the back of the company reporting its financial results for the third quarter. The company posted EPS of 39 cents. Revenues of $2.68 billion registered an increase of 25.2% year over year and beat estimates of $2.65 billion.
Chairman and CEO Marc Benioff is confident about the company's growth.
"We are building a company for the ages, creating value for our Trailblazers – our customers, employees, investors and communities – while helping make the world a better place for decades to come," he said.
HP Inc. (HPQ) shares traded lower after the company reported fourth-quarter EPS of 44 cents on revenue of $13. 9 billion on Tuesday. Earnings were in-line with expectations while revenue registered an 11.1% year-over-year increase and beat estimates by $550 million.
Looking ahead, for the first quarter of fiscal 2018, the company projects GAAP diluted net EPS between 38 cents and 42 cents and non-GAAP diluted net EPS between 40 cents and 43 cents. For full fiscal 2018, the company raised is guidance for GAAP diluted net EPS to between $1.70 and $1.80 and non-GAAP diluted net EPS in the range of $1.75 to $1.85.
Shares of Guess Inc. (GES, Financial) plummeted more than 12% after the company reported in-line EPS of 12 cents on revenue of $554.14 million, which missed estimates by $15.61 million but registered a 3.3% year-over-year increase.
By segment, Americas retail revenues declined 13.4% and retail comp sales, including e-commerce, declined 10%. Americas wholesale revenues decreased 2.5% while licensing revenues increased 9.1%. On the other hand, Europe revenues increased 18.8% and retail comp sales, including e-commerce, increased 10%. Further, Asia revenues increased 16.8% and retail comp sales increased 3%.
Disclosure: The author holds no positions in any stocks mentioned.
