Expertise agency HP, Inc. (NYSE: HPE) on Tuesday reported larger earnings and revenues for the second quarter of 2022. The outcomes additionally surpassed the consensus forecast.
Second-quarter earnings, adjusted for particular objects, rose to $1.08 per share from $0.93 per share within the corresponding interval of final 12 months. Internet revenue was $1.0 billion or 0.94 per share throughout the three-month interval, in comparison with $1.2 billion or $0.98 per share within the second quarter of 2021. The underside line additionally got here in above estimates.
At $16.5 billion, revenues have been up 4% in the latest quarter in comparison with the identical interval of final 12 months. Analysts had predicted a slower development.
Examine this house to learn administration/analysts’ feedback on HPE’s Q1 report
Shares of HP have gained round 11% for the reason that starting of the 12 months. The inventory closed Tuesday’s common session decrease however gained throughout the prolonged session after the earnings announcement.