Hewlett Packard Enterprise's stock up slightly on earnings beat

Hewlett Packard Enterprise HPE, -0.57%shares ticked slightly higher in the extended session Tuesday after the company's quarterly results topped Wall Street targets. Hewlett Packard Enterprise shares rose 0.5% after hours, following a 0.6% decline to close the regular session at $17.41. The company reported fiscal second-quarter net income of $778 million, or 49 cents a share, compared with a loss of $612 million, or 37 cents a share, in the year-ago period.

Adjusted earnings were 34 cents a share. Revenue rose to $7.47 billion from $6.81 billion in the year-ago period. Analysts surveyed by FactSet had estimated earnings of 31 cents a share on revenue of $7.39 billion. Hewlett Packard Enterprise estimates adjusted earnings of 35 cents to 39 cents a share for the third quarter and $1.40 to $1.50 a share for the year. Analysts expect earnings of 36 cents a share for the third quarter and $1.41 a share for the year.