HPE stock rises as Q4 results top estimates, guidance impresses
Trending Articles- 270,000 People Instantly Liquidated. Crypto Earthquake, Just Because This Person Might Take Over the Fed?
- Is Silver’s ‘Meme Moment’ Arriving? Surging Prices Mask Momentum Bubble Concerns
- Gold Price Forecast: XAU/USD gains momentum to near $5,050 amid geopolitical risks, Fed uncertainty
- Dollar Slumps to Four-Year Low, Trump Still Says ‘Dollar Is Doing Great’?
- Bitcoin No Longer Digital Gold? Gold and Silver Token Market Cap Hits Record $6 Billion
- Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP deepen sell-off as bears take control of momentum
Hewlett Packard Enterprise Co (NYSE:HPE) shares gained 3% in after-hours trading on Tuesday as the company reported better-than-expected fourth-quarter results and provided upbeat guidance for the upcoming quarter.
The enterprise technology solutions provider posted adjusted earnings per share of $0.58, surpassing the analyst consensus of $0.56. Revenue for the quarter reached a record $8.5 billion, up 15% YoY and exceeding the $8.26 billion estimate.
HPE's strong performance was driven by robust growth in its server and hybrid cloud segments. Server revenue jumped 32% YoY to $4.7 billion, while hybrid cloud revenue increased 18% to $1.6 billion.
"HPE delivered an exceptional fourth quarter with record quarterly revenue, capping off a strong FY 2024," said Antonio Neri, president and CEO of Hewlett Packard Enterprise. "Our differentiated portfolio across hybrid cloud, AI, and networking positions us well to capitalize on the market opportunity."
Looking ahead, HPE expects Q1 2025 adjusted EPS between $0.47 and $0.52, compared to the $0.48 consensus. The company also anticipates mid-teens percentage revenue growth YoY for the upcoming quarter.
Read more
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
