Latest news with #Hewlett
USA Today
2 days ago
- Business
- USA Today
US stock futures little changed as investors await trade news, jobs report
US stock futures little changed as investors await trade news, jobs report Show Caption Hide Caption White House confirms deadline for international trade deals White House Press Secretary Karoline Leavitt confirmed the administration has sent a letter to all of its trading partners ahead of a tariff deadline. U.S. stock futures are little changed as investors continued to wait for fresh trade news and the key monthly jobs report. President Donald Trump said he expected a call with Chinese leader Xi Jinping this week to discuss trade. Earlier, Tump accused China of violating tariff terms. Any de-icing of trade relations with China, one of the U.S.' largest trading partners would be welcomed. Meanwhile, investors are bracing for the monthly jobs report at the end of the week. The report could be a barometer of how much, if any, businesses are delaying hiring due to tariffs. At 6:15 a.m. ET, futures linked to the blue-chip Dow rose 0.13% while broad S&P 500 futures added 0.20% and tech-heavy Nasdaq futures gained 0.18%. Corporate news Hewlett Packard Enterprise results in its second fiscal quarter beat analysts' expectations. CrowdStrike missed sales estimates. Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@ and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday.
The Star
2 days ago
- Business
- The Star
Hewlett Packard beats Q2 revenue estimates on AI demand; records $1.36 billion charge
(Reuters)impairment charge of $1.36 billion -Hewlett Packard Enterprise beat Wall Street revenue estimates for the second quarter on Tuesday, driven by demand for its artificial-intelligence servers and hybrid cloud segment. Shares of the server-maker, which also recorded an impairment charge of $1.36 billion in the reported quarter, were up 3.2% in extended trading. HPE has benefited from a surge in spending on advanced data center architecture, designed to support the complex processing needs of generative AI. The boom in GenAI has bumped up demand for HPE's AI-optimized servers, which are powered by Nvidia processors and can run complex applications. "In a very dynamic macro environment, we executed our strategy with discipline," CEO Antonio Neri said. HPE was focusing on achieving efficiencies and streamlining operations across its businesses, said CFO Marie Myers. For the quarter ended April 30, HPE posted revenue of $7.63 billion, ahead of analysts' average estimate of $7.45 billion, according to data compiled by LSEG. Adjusted profit per share came in at 38 cents, beating an estimate of 32 cents per share. It forecast third-quarter revenue between $8.2 billion and $8.5 billion, compared to an estimate of $8.17 billion. (Reporting by Juby Babu in Mexico City; Editing by Pooja Desai)
Mint
2 days ago
- Business
- Mint
Hewlett Packard beats Q2 results estimates on AI demand; records $1.36 billion charge
(Reuters) -Hewlett Packard Enterprise beat Wall Street's second-quarter revenue and profit estimates on Tuesday, driven by demand for its artificial-intelligence servers and hybrid cloud segment. Shares of the server-maker, which also recorded an impairment charge of $1.36 billion in the reported quarter, rose 3.2% in extended trading. The company has benefited from a surge in spending on advanced data center architecture, designed to support the complex processing needs of generative AI. The GenAI boom has bumped up demand for Hewlett Packard's AI-optimized servers, which are powered by Nvidia processors and can run complex applications. For the quarter ended April 30, the company reported revenue of $7.63 billion, ahead of analysts' average estimate of $7.45 billion, according to data compiled by LSEG. In the quarter, Hewlett Packard addressed the execution challenges that it experienced in the prior quarter, which enabled it to drive improved margin performance in the server business, CFO Marie Myers said during a post-earnings call. The company did not see a significant benefit from tariff-related demand pull-forward, she said. Adjusted profit per share for the second quarter was 38 cents, beating an estimate of 32 cents per share. Server revenue was up 5.7% to $4.06 billion and revenue for the hybrid cloud segment grew 13% to $1.45 billion. Hewlett Packard tightened its annual revenue forecast growth to be up 7% to 9%, compared to its prior forecast of 7% to 11% growth. "We continue to navigate a complex macroeconomic and geopolitical landscape and remain prepared to take additional action in the back half of the year to deliver against our fiscal 2025 outlook," Myers said. The company forecast third-quarter revenue between $8.2 billion and $8.5 billion, compared to an estimate of $8.17 billion. (Reporting by Juby Babu in Mexico City; Editing by Pooja Desai)
Yahoo
3 days ago
- Business
- Yahoo
Hewlett Packard Enterprise beats quarterly revenue estimates
(Reuters) -Hewlett Packard Enterprise beat Wall Street revenue estimates for the second quarter on Tuesday and said it recorded an impairment charge of $1.36 billion in the quarter. Shares of the server-maker were up 4% in extended trading. HPE has benefited from a surge in spending on advanced data center architecture, designed to support the complex processing needs of generative AI. The boom in GenAI has bumped up demand for HPE's AI-optimized servers, which are powered by Nvidia processors and can run complex applications. For the reported quarter, HPE posted revenue of $7.63 billion, ahead of analysts' average estimate of $7.45 billion, according to data compiled by LSEG. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
HP Enterprise announces two additions to its HPE Nonstop Compute solutions
Hewlett Packard Enterprise announced two additions to its line of fault-tolerant HPE Nonstop Compute solutions, offering enterprises more power, flexibility and reliability for vital business applications. Optimized for extremely high levels of availability, the entry-class HPE Nonstop Compute NS5 X5 and flagship HPE Nonstop Compute NS9 X5, are part of a portfolio of solutions that are ideal for vital enterprise operations like payment processing, fraud detection and smart manufacturing execution systems, MES. Available today, the new offerings introduce hardware and networking enhancements to help companies accelerate business processes and modernize workloads for today's data centers. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on HPE: Disclaimer & DisclosureReport an Issue Options Volatility and Implied Earnings Moves This Week, June 02 – June 06, 2025 HPE Earnings Report this Week: Is It a Buy, Ahead of Earnings? Is HPE a Good Stock to Buy before Earnings? Court blocks Trump tariffs, Musk steps away from DOGE: Morning Buzz HP Enterprise prepares to raise prices, shift production out of China, WSJ says Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
