Skip to main content

NEW YORK (TheStreet) -- Hewlett Packard Enterprise (HPE) - Get Hewlett Packard Enterprise Co. Report stock is up 2.30% to $14.01 in early-afternoon trading Wednesday after HP (HPQ) reported its fiscal 2015 fourth-quarter earnings results for the spinoff.

After the market close on Tuesday, HP reported certain financial information for Hewlett Packard Enterprise, which split off from HP earlier this month. HP's fourth-quarter earnings missed analysts' expectations

Still, HP said revenue increased 2% year over year for its Enterprise Group.

"We're off to a strong start," Hewlett Packard Enterprise CEO Meg Whitman said in a conference call, according to Bloomberg. "It's probably too early to say the split is showing its effect. These markets are changing at warp speed."

So far today, 13.99 million shares of Hewlett Packard Enterprise have traded, vs. its 30-day average of 13.35 million shares. 

TheStreet Recommends

Image placeholder title


data by


Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet or any of its contributors.