Categories AlphaGraphs, Earnings, Technology
HPE Earnings: Hewlett Packard Q2 profit drops but beats Street view
Information technology solutions provider Hewlett Packard Enterprise (NYSE: HPE) on Thursday reported a year-over-year decline in earnings for the second quarter of 2024. Earnings, however, topped expectations.
April-quarter profit, excluding one-off items, dropped to $0.42 per share from $0.52 per share a year earlier but came in above consensus estimates. On a reported basis, net income was $314 million or $0.24 per share in Q2, compared to $418 million or $0.32 per share in the same period of 2023.
The tech firm’s revenues increased to $7.20 billion in the second quarter from $6.97 billion in the prior-year period, reflecting strong performance by the core operating segment.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Costco (COST) reports higher Q1 2025 sales and profit
Costco Wholesale Corporation (NASDAQ: COST), which operates a chain of membership warehouses, has reported an increase in sales and net profit for the first quarter of 2025. Revenues increased to
Broadcom (AVGO) Q4 2024 adj. profit increases on higher revenues
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) reported higher revenues and adjusted earnings for the fourth quarter of 2024. Excluding non-recurring items, earnings were $1.42 per share in the October quarter,
Macy’s (M) anticipates caution on discretionary spending will continue in Q4 2024
Shares of Macy’s, Inc. (NYSE: M) stayed green on Thursday. The stock has gained 13% over the past three months. The retailer delivered mixed results for the third quarter of
