HPE Q2 earnings exceed expectations, projects robust revenue; Stock rises By
2024-06-05 06:21:05

- (NYSE:) surged over 10% in Tuesday's after-hours session after the company reported better than expected earnings results.

The company Q2 earnings per share of $0.42, which is $0.03 higher than the projected $0.39. The company's revenue for the quarter reached $7.2 billion, surpassing the consensus estimate of $6.83 billion.

Looking ahead, HPE has issued an optimistic guidance for FY2024, forecasting an EPS of $1.85-$1.95, which is in line with the consensus estimate of $1.88. For Q3 2024, HPE anticipates an EPS of $0.43-$0.48, compared to the consensus of $0.47, and expects revenue to be between $7.4 billion and $7.8 billion, in line with the consensus estimate of $7.46 billion.

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