HP Enterprise Raises Annual Profit Forecast Amid AI Demand

Shares dip despite higher-than-expected quarterly revenue and raised profit outlook due to unchanged full-year revenue forecast.

HP Enterprise reported fiscal third-quarter revenue of $7.7 billion, a 10% increase year-over-year.
Server revenue surged 35% driven by demand for AI infrastructure.
The company raised its annual profit forecast but kept its full-year revenue estimate unchanged.
Shares fell nearly 3% in extended trading following the earnings report.
Key technical price levels to watch include $17.50 and $16.50 on the downside, and $21.60 and $23 on the upside.