Hewlett Packard Enterprise's stock up slightly on earnings beat
Hewlett Packard Enterprise shares ticked slightly higher in the extended session Tuesday after the company's quarterly results topped Wall Street targets. Hewlett Packard Enterprise shares rose 0.5% after hours, following a 0.6% decline to close the regular session at $17.41. The company reported fiscal second-quarter net income of $778 million, or 49 cents a share, compared with a loss of $612 million, or 37 cents a share, in the year-ago period. Adjusted earnings were 34 cents a share. Revenue rose to $7.47 billion from $6.81 billion in the year-ago period. Analysts surveyed by FactSet had estimated earnings of 31 cents a share on revenue of $7.39 billion. Hewlett Packard Enterprise estimates adjusted earnings of 35 cents to 39 cents a share for the third quarter and $1.40 to $1.50 a share for the year. Analysts expect earnings of 36 cents a share for the third quarter and $1.41 a share for the year.