Hewlett Packard Q3 EPS $0.50 Beats $0.47 Estimate, Sales $7.71B Beat $7.66B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hewlett Packard (NYSE:HPE) reported Q3 earnings of $0.50 per share, surpassing the $0.47 estimate, and sales of $7.71 billion, exceeding the $7.66 billion estimate. This marks a 2.04% increase in EPS and a 10.11% increase in sales compared to the previous year.
September 04, 2024 | 8:05 pm
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Hewlett Packard's Q3 earnings and sales exceeded analyst expectations, with EPS at $0.50 and sales at $7.71 billion. This performance indicates a positive trend with a 2.04% increase in EPS and a 10.11% increase in sales year-over-year.
Hewlett Packard's better-than-expected earnings and sales figures are likely to positively impact its stock price in the short term. The company's ability to surpass both EPS and sales estimates suggests strong operational performance and market demand.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100