05:51 AM EDT, 06/05/2024 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.)

Hewlett Packard Enterprise ( HPE ) shares were up 15% in premarket activity on Wednesday after the company overnight reported stronger-than-expected sales and earnings for fiscal Q2 while raising its guidance for the full financial year.

The company reported fiscal Q2 non-GAAP net earnings late Tuesday of $0.42 per diluted share, down from $0.52 a year earlier.

Analysts polled by Capital IQ expected $0.39.

Net revenue for the quarter ended April 30 was $7.20 billion, up from $6.97 billion a year earlier.

Analysts surveyed by Capital IQ expected $6.83 billion.

The company expects fiscal Q3 non-GAAP EPS of $0.43 to $0.48 on revenue of $7.4 billion to $7.8 billion. Analysts expect EPS of $0.47 and revenue of $7.45 billion.

For fiscal 2024, it now expects non-GAAP EPS of $1.85 and $1.95, compared with its previous guidance of $1.82 to $1.92. Analysts are looking for an EPS of $1.89.

The company kept its quarterly dividend at $0.13 per share, payable on July 18 to stockholders of record on June 19.

Price: 20.29, Change: +2.69, Percent Change: +15.28