Hewlett Packard Q2 EPS $0.52 Beats $0.48 Estimate, Sales $6.97B Miss $7.31B Estimate
Portfolio Pulse from Happy Mohamed
Hewlett Packard (HPE) reported Q2 earnings of $0.52 per share, beating the $0.48 estimate by 8.33%, and an 18.18% YoY increase. However, sales of $6.97B missed the $7.31B estimate by 4.61%, but increased 3.87% YoY.
May 30, 2023 | 8:07 pm
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HPE's Q2 earnings beat estimates with an 18.18% YoY increase, but sales missed estimates, growing 3.87% YoY.
HPE's stock price may experience mixed reactions due to the earnings beat and sales miss. The 18.18% YoY increase in earnings is a positive sign, but the 4.61% miss in sales estimates may offset the positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100