NEW YORK, NY / ACCESSWIRE / September 25, 2017 / The Finish Line saw its shares plow ahead on Friday after reporting a second-quarter report that beat on both the top and bottom line. The outlook looking ahead was somewhat disappointing, however. Hewlett Packard' shares saw gains after announcing that it would be cutting about 5,000 jobs this year.

RDI Initiates Coverage on:

Finish Line Inc.
http://www.rdinvesting.com/report/?ticker=FINL

Hewlett Packard Enterprise Co.
http://www.rdinvesting.com/report/?ticker=HPE

The Finish Line, Inc.'s shares closed up 5.53% on Friday on nearly 14 million shares traded next to an average volume of just under 3.5 million shares. The company saw gains after reporting a fiscal second-quarter 2018 report that beat expectations. The Indianapolis-based company reported adjusted earnings of 12 cents per share, beating the average estimate of analysts on the Street by just a penny. Revenue at $469.4 million was also ahead of the $478.3 million that analysts had expected. Despite the gains and the beat for the second quarter, the shoe company also released an outlook for the current quarter and said it expects EPS in the range of 32 to 40 cents a share. For full-year earnings, Finish Line is forecasting a range of 50 to 60 cents. CEO Sam Sato commented, "With industry headwinds weighing on our sales and margin trends, we remain disciplined in managing our expenses and inventories. While we are planning for a challenging retail environment in the near-term, we are confident that the merchandise, digital, in-store and operational initiatives currently in place will allow us to achieve our current full-year outlook and best position the company to deliver increased shareholder value over the long-term." Shares have lost more than 50% in last one year.

Access RDI?s Finish Line Inc. Research Report at:
http://www.rdinvesting.com/report/?ticker=FINL

Hewlett Packard Enterprise Company shares closed up 3.41% on Friday with almost 23 million shares traded. The company announced that it would be cutting 5,000 jobs this year. According to a Bloomberg report, citing insiders, the company will cut about 10% of its workforce before the year ends. The job cuts will affect works both domestically and abroad and will affect all levels of HPE employees. This means that even managers will be included in the layoffs. CEO Meg Whitman said in a call earlier this month with analysts, "With fewer lines of business and clear strategic priorities, we have the opportunity to create an internal structure and operating model that is simpler, nimbler and faster." The company's finance chief Tim Stonesifer has said the company has a goal of $1.5 billion in cost-cutting over the next three years.

Access RDI's Hewlett Packard Enterprise Co. Research Report at:
http://www.rdinvesting.com/report/?ticker=HPE

Our Actionable Research on Finish Line Inc. (NASDAQ: FINL) and Hewlett Packard Enterprise Co. (NYSE: HPE) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com