Economy

HPE rises on revenue growth

stock rose on Tuesday after the company reported better-than-expected earnings for the third quarter of its 2018 fiscal year, which ended on July 31.

Here‘s how HPE did in the quarter:

  • Earnings: 44 cents per share, excluding certain items, vs. 37 cents as expected by analysts, according to Thomson Reuters.
  • Revenue: $7.76 billion, vs. $7.68 billion as expected by analysts, according to Thomson Reuters.

Overall, HPE‘s revenue was up 3.5 percent year over year, according to .

The biggest portion of HPE‘s revenue comes from its Hybrid IT business segment — including compute, storage, and data center networking products — came in at $6.24 billion, above the FactSet analyst consensus of $6.16 billion. The Intelligent Edge segment, including Aruba, came in at $785 million, above the FactSet analyst consensus of $766.3 million.

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