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The computer company has reported it is seeing significant momentum in AI-related server demand.
Hewlett-Packard Enterprise Inc (NYSE:HPE) is soaring today, up 9.5% at $17.04 at last look, and extending Friday's post-earnings rise.
Hewlett Packard Enterprise Co (NYSE:HPE, ETR:2HP) has slashed its sales and profit guidance for the full year on lower demand for its network solutions products and a lack of chip supply. It sees revenue for the year ending in October being flat to 2% higher, down from its prior guidance of 2% to 4% growth.
Hewlett Packard's (HPE) fiscal Q1 results reflect the negative impacts of inventory saturation, softened network demands and GPU order delays.
Three quantum computing stocks could realistically turn a $100,000 investment into a seven-figure sum this year. The quantum computing industry is still very young.
Hewlett Packard Enterprise CEO Antonio Neri discusses the company's reduced earnings forecast, supply issues and networking business. HPE reduced its outlook for sales growth and profit in the current fiscal year, citing lower demand for networking products and a crunch in computer chip availability.
Hewlett Packard Enterprise Company (HPE) Q1 2024 Earnings Call Transcript
The headline numbers for Hewlett Packard Enterprise (HPE) give insight into how the company performed in the quarter ended January 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Hewlett Packard Enterprise (HPE) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.63 per share a year ago.