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Hewlett Packard Enterprise Gives Upbeat 2019 Profit Forecast

  • HPE plans streamlined supply chain, shrinking global footprint
  • Company aims to boost growth in the ‘intelligent edge’
HP Enterprise Forecasts Profit That Beats Analysts' Estimates

Photographer: Michael Nagle/Bloomberg

Hewlett Packard Enterprise Co. gave an earnings forecast for fiscal 2019 that beat some analysts’ estimates, signaling the computer server maker’s drive into new areas will boost customer demand.

Adjusted profit is projected to be $1.51 to $1.61 a share, the Palo Alto, California-based company said Wednesday during an analyst meeting at the New York Stock Exchange. Analysts on average were predicting profit of $1.58 a share in 2019, according to data compiled by Bloomberg.