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Hewlett Packard Enterprise Fiscal Q2 Adjusted Earnings, Revenue Rise; Shares Surge After Hours

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Hewlett Packard Enterprise (HPE) reported fiscal Q2 adjusted earnings late Monday of $0.79 per diluted share, up from $0.38 a year earlier.

Analysts polled by FactSet expected $0.53.

Revenue in the three months ended April 30 rose to $10.7 billion from $7.63 billion a year earlier.

Analysts surveyed by FactSet expected $9.78 billion.

Hewlett Packard Enterprise expects Q3 adjusted EPS of $0.88 to $0.93 on revenue of $11.5 billion to $12.1 billion.

Analysts polled by FactSet expect adjusted EPS of $0.58 on revenue of $10.9 billion.

The company boosted full-year adjusted EPS guidance to $3.35 to $3.45 from the prior range of $2.30 to $2.50.

Analysts polled by FactSet project $2.42.

Hewlett Packard Enterprise shares surged 31% in after-hours trading.

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