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Stock impact report

Super Micro pushes up full-year revenue forecast as it points to strong AI demand [CNBC]

Hewlett Packard Enterprise Company (HPE) 
Last hewlett packard enterprise company earnings: 3/3 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investors.hpe.com
Company Research Source: CNBC
Here's how the company did in comparison with LSEG consensus: Earnings per share: $6.65 adjusted, vs. $5.78 expected Revenue: $3.85 billion, vs. $3.95 billion expected The company's revenue jumped 200% year over year in the quarter, which ended on March 31, according to a statement . That compared with a 103% increase in the previous quarter. Net income came out to $402.5 million, or $6.56 per share, compared with $85.8 million, or $1.53 per share, in the year-ago quarter. CEO Charles Liang said in the statement that Super Micro is bumping up its fiscal 2024 revenue guidance to $14.7 billion to $15.1 billion from $14.3 billion to $14.7 billion. Analysts surveyed by LSEG had expected $14.60 billion. Notwithstanding the after-hours move, Super Micro stock is up 205% so far this year, while the S&P 500 stock index has gained 6%. The company goes up against with legacy IT equipment providers such as Hewlett Packard Enterprise . But last year, investors were keen to bet that Show less Read more
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