Tuesday, March 3, 2020

HPE reports Q1 revenue of $6.9B, down 8% YoY, missing analyst expectations of $7.21B, on weak compute revenue of $3B, down ~16% YoY; stock down ~5% after hours (Nico Grant/Bloomberg)

Nico Grant / Bloomberg:
HPE reports Q1 revenue of $6.9B, down 8% YoY, missing analyst expectations of $7.21B, on weak compute revenue of $3B, down ~16% YoY; stock down ~5% after hours  —  - Company maintains its fiscal year 2020 profit forecast  — Quarterly revenue fell 8% to $6.95 billion from a year earlier



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Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (Luz Ding/Bloomberg)

Luz Ding / Bloomberg : Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part du...