Following a powerful earnings report from Dell (NYSE: DELL) last week, rival Hewlett Packard Enterprise (NYSE: HPE) just released blowout numbers of its own, sending the computer stock up 24.3% through 10 a.m. ET.
Heading into last night's earnings report, ***** ysts expected HPE to earn $0.53 per share on $9.8 billion in quarterly sales. Instead, HPE earned $0.79 per share on $10.7 billion in sales -- and raised guidance.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
CEO Antonio Neri boasted of an "exceptional" Q2, featuring "record-breaking revenue, higher-than-anticipated profitability, and increased free cash flow." Boosted by surging demand for AI servers for artificial intelligence data centers, HPE's sales surged 40%, producing powerful profits along the way. Gross profit margins shot up more than eight full percentage points to 36.5%. Non-GAAP earnings beat expectations, while earnings calculated under generally accepted accounting principles (GAAP) nearly tripled to $1.26 per share.
Best of all, whereas a year ago, HPE burned $900 million in cash, this time the company generated $900 million in positive free cash flow.
Heading into last night's earnings report, ***** ysts expected HPE to earn $0.53 per share on $9.8 billion in quarterly sales. Instead, HPE earned $0.79 per share on $10.7 billion in sales -- and raised guidance.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
CEO Antonio Neri boasted of an "exceptional" Q2, featuring "record-breaking revenue, higher-than-anticipated profitability, and increased free cash flow." Boosted by surging demand for AI servers for artificial intelligence data centers, HPE's sales surged 40%, producing powerful profits along the way. Gross profit margins shot up more than eight full percentage points to 36.5%. Non-GAAP earnings beat expectations, while earnings calculated under generally accepted accounting principles (GAAP) nearly tripled to $1.26 per share.
Best of all, whereas a year ago, HPE burned $900 million in cash, this time the company generated $900 million in positive free cash flow.
2 days ago
