Hewlett Packard Shares Climb On Better-Than-Expected Q2 Results
Portfolio Pulse from Erica Kollmann
Hewlett Packard Enterprise Co (NYSE:HPE) reported better-than-expected Q2 financial results, with earnings of 42 cents per share and sales of $7.2 billion, both surpassing analyst estimates. The company saw significant growth in server revenue and AI systems orders, while other segments had mixed results. HPE's outlook for Q3 and the full year remains positive.
June 04, 2024 | 8:30 pm
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Hewlett Packard Enterprise Co (NYSE:HPE) reported better-than-expected Q2 earnings and revenue, leading to a 9.86% increase in after-hours trading. The company showed strong growth in server revenue and AI systems orders, while other segments had mixed results. HPE's positive outlook for Q3 and the full year suggests continued strength.
HPE's better-than-expected Q2 results and positive outlook for Q3 and the full year have led to a significant increase in after-hours trading. The strong performance in server revenue and AI systems orders, along with the company's optimistic guidance, suggest continued strength in the stock.
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