Hewlett Packard Enterprise Company (HPE) Shares Surge on Strong Q4 Results

HPE's stock experienced a significant boost on Friday, rising by over 11% following the announcement of its impressive fourth-quarter earnings for fiscal 2024.

The company reported a 15% year-on-year increase in net revenue, reaching $8.5 billion, surpassing analysts' expectations. Additionally, HPE's diluted earnings per share (EPS) saw a remarkable 102% increase to $0.99, while net earnings jumped by 112% to $1.4 billion.

By 12:53 pm ET, HPE's stock had surged 11.11% to trade at $24.0550 per share, reflecting the market's positive response to the company's strong financial performance.