Hewlett Packard Q2 2024 Adj EPS $0.42 Beats $0.39 Estimate, Sales $7.200B Beat $6.823B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hewlett Packard (NYSE:HPE) reported Q2 2024 adjusted earnings per share (EPS) of $0.42, surpassing the analyst consensus estimate of $0.39 by 7.69%. The company also reported quarterly sales of $7.200 billion, exceeding the analyst consensus estimate of $6.823 billion by 5.53%. This represents a 3.26% increase over sales of $6.973 billion in the same period last year.
June 04, 2024 | 8:05 pm
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Hewlett Packard (NYSE:HPE) reported better-than-expected Q2 2024 earnings and sales, with EPS of $0.42 beating the $0.39 estimate and sales of $7.200 billion surpassing the $6.823 billion estimate. This positive performance is likely to boost investor confidence and positively impact the stock price in the short term.
The company's better-than-expected earnings and sales figures are likely to boost investor confidence and positively impact the stock price in the short term. The 7.69% EPS beat and 5.53% sales beat indicate strong performance, which is a positive signal for investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100