Hewlett Packard Enterprise (HPE) Earnings Beat Estimates, Up 24.3%
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowHewlett Packard Enterprise (HPE) reported earnings of $0.79 per share on $10.7 billion in sales, exceeding analyst expectations of $0.53 per share on $9.8 billion. This led to a stock price increase of 24.3% through 10 a.m. ET. HPE also raised its fiscal Q3 guidance, projecting sales of $11.5 billion to $12.1 billion and full-year sales ranging from $44.2 billion to $45.6 billion, indicating potential growth of 29% to 33%. The company's gross profit margins rose 8 percentage points to 36.5%, and it generated $900 million in free cash flow compared to a loss last year.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Hewlett Packard Enterprise (HPE)
Hewlett Packard Enterprise makes servers, storage, and networking gear for businesses.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier HPE news
- Marvell Technology (MRVL) and Other Stocks Making Moves Premarket
- Hewlett Packard Enterprise (HPE) Shares Surge 26% After Earnings
- Dell (DELL) Stock Surges 15% Ahead of May Earnings Report
- Server Makers Super Micro, Dell, and HPE See Increased Stock Activity This Week
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