Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

HPE share price up 1% despite Q2 results revenue miss

The IT services company's stock is up despite worse-than-expected Q2 revenue.

HPE (Hewlett-Packard Enterprise) share price has increased since the information tech services company released a mixed Q2 earnings report. The spin-off corporation of HP (Hewlett-Packard) had high earnings, but disappointing revenue.

HPE earnings: key figures

Earnings per share $0.42
Revenue $7.15 billion

HPE's Q2 earnings up, but revenue down

HPE’s Q2 earnings per share were $0.42, beating analysts’ expectations of $0.36. HPE’s Q2 earnings per share surpassed the $0.34 earnings per share of Q2 2018. HPE’s Q2 revenue was $7.15 billion, falling below the projected $7.44 billion.

The US-China tariff war likely affected the corporation’s Q2 revenue. Chief executive officer, (CEO), Antonio Neri, spoke about the trade impasse.

‘We continue to believe that an open market where everyone can innovate and participate is important for market stability and customer confidence,’ said Neri.

Despite HPE’s mixed earnings report, chief executive officer (CEO), Antonio Neri, touted HPE’s Q2 results.

‘In Q2 we demonstrated traction in critical areas for our customers that delivered strong margin improvement, EPS (earnings per share) above our outlook and solid cash flow,’ said Neri.

‘We continue to make important strategic moves that further enhance our competitive position and ability to better serve our customers in a hybrid [cloud technology] world,’ added Neri.

How did HPE’s Q2 earnings compare to other tech companies?

Compared to tech product company HP, HPE’s Q2 earnings report was worse. HP’s profits beat earnings and revenue expectations. HPE had a mixed report of high earnings and worse-than-expected revenue.

What is HPE's Q3 guidance?

For Q3, HPE expects earnings per share to be in the range of $0.40 -$0.44.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

Act on share opportunities today

Go long or short on thousands of international stocks with spread bets and CFDs.

  • Get full exposure for a comparatively small deposit
  • Trade on spreads from just 0.1%
  • Get greater order book visibility with direct market access

See opportunity on a stock?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Take your position
  • See whether your hunch pays off

See opportunity on a stock?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Trade a huge range of popular stocks
  • Analyse and deal seamlessly on fast, intuitive charts
  • See and react to breaking news in-platform

See opportunity on a stock?

Don’t miss your chance. Log in to take advantage while conditions prevail.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Sunday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.