Shares of Hewlett Packard Enterprise Co.
HPE,
+1.44%
were flat in after-hours trading Tuesday after the information-technology giant reported fiscal fourth-quarter results, and disclosed it is moving its corporate headquarters to Houston from San Jose, Calif. Non-GAAP profits were 37 cents a share, ahead of street consensus of 34 cents a share. Net earnings were $157 million, or 12 cents a share, compared with net earnings of $9 million, or a penny a share, a year ago. Revenue was flat at $7.21 billion a year ago. "We've returned to pre-pandemic revenue, which makes this a fantastic quarter," HPE Chief Financial Officer Tarek Robbiati told MarketWatch. He said the move to Texas would be gradual, with HPE maintaining a strategic hub in San Jose. Analysts surveyed by FactSet had expected earnings of 45 cents a share on revenue of $6.98 billion. HPE shares are down 29% this year. The broader S&P 500 index
SPX,
+1.12%
has improved 13% in 2020.