Hewlett Packard Enterprise Company (HPE) shares surged 16.40 percent, gaining $7.71 to $54.71 on Tuesday, likely extending gains from the company's strong second-quarter results announced a day earlier.
The stock is currently trading at $54.71, compared with its previous close of $47.00 on the New York Stock Exchange. During the session, it opened at $63.06 and traded between $54.21 and $64.25. Volume reached 95.46 million shares, significantly above its average volume of 20.16 million shares.
The enterprise technology company reported a swing to profit as revenue climbed sharply, driven by robust growth in networking and AI-related infrastructure demand. HPE also raised its full-year guidance. Net earnings attributable to common stockholders were $595 million, or $0.44 per share, compared with a loss of $1.08 billion, or $0.82 per share, a year ago. Adjusted earnings increased to $0.79 per share from $0.38 per share, while revenue jumped 40.0% to a record $10.68 billion.
HPE shares have traded between $17.16 and $64.25 over the past 52 weeks
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.