HPE skyrockets 30% on biggest earnings beat since 2018
Key points
- Hewlett Packard Enterprise shares skyrocketed 30% on Monday after the tech company posted blockbuster second-quarter results that blew away estimates.
- Here's how the company did compared to LSEG estimates Earnings per share: 79 cents adj.
- vs. 53 cents expected 79 cents adj.
- vs. 53 cents expected Revenue: $10.68 billion vs. $9.79 billion expected It was the company's biggest EPS beat since February 2018. Revenue was up 40% over a year ago.
- Overall Cloud & AI revenue came in at $7.71 billion, topping the StreetAccount estimate of $6.87 billion, but it was the company's server unit that really impressed.
Quick Summary
Hewlett Packard Enterprise shares skyrocketed 30% on Monday after the tech company posted blockbuster second-quarter results that blew away estimates. Here's how the company did
Why It Matters
This development is important because it may impact public opinion, policy decisions, and future developments related to HPE skyrockets 30% on biggest earnings beat since 2018.
Key Takeaways
- Hewlett Packard Enterprise shares skyrocketed 30% on Monday after the tech company posted blockbuster second-quarter results that blew away estimates.
- Here's how the company did compared to LSEG estimates Earnings per share: 79 cents adj.
- 53 cents expected 79 cents adj.
- 53 cents expected Revenue: $10.68 billion vs.
- $9.79 billion expected It was the company's biggest EPS beat since February 2018.
📌 Source: CNBC
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