Hewlett Packard Enterprise (HPE) Stock: Why It Jumped Up Today

By Amit Chowdhry ● Mar 2, 2022
  • The Hewlett Packard Enterprise Co (NYSE: HPE) stock increased by over 7% during intraday trading today. This is why.

The Hewlett Packard Enterprise Co (NYSE: HPE) stock increased by over 7% during intraday trading today. Investors are responding positively to the company’s first-quarter results.

Hewlett Packard Enterprise reported a Q1 EPS of $0.53, which is $0.07 better than analyst estimates of $0.46. And the revenue for the quarter was $7 billion compared to the consensus estimate of $7.03 billion.

In terms of guidance, Hewlett Packard Enterprise expects FY2022 EPS of $2.03-$2.17, compared to the consensus of $2.03.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.