Earnings preview: Tech in focus with Broadcom, HPE and more

(Source: baha news)
HEWLETT PACKARD ENTERPRISE

The upcoming earnings week will be centered around tech, as HPE, NIO, Broadcom and CrowdStrike post their financial results in what will prove to be a slower-than-usual, yet insightful stretch.

Analysts expect CrowdStrike's revenues at $1.1 billion in the first quarter, pointing to a year-over-year growth of 19.92%. Looking at Broadcom's second-quarter results, on average, analysts forecast revenue of $15.02 billion, a 20% increase on a yearly basis and adjusted net income of $7.8 billion, which would be up from $5.39 billion a year ago. AI revenue is predicted to rise 42% year-over-year and 7% sequentially to $4.42 billion.

Meanwhile, Hewlett Packard Enterprise Company will post its second-quarter results on Tuesday. HPE saw a 16% jump in its first-quarter revenue, beating expectations.

Baha Breaking News (BBN) / KA

CrowdStrike Holdings+0.72%
427.9000
Chart for: CrowdStrike Holdings
NIO+8.09%
4.8100
Chart for: NIO
Hewlett Packard E...-0.75%
21.1600
Chart for: Hewlett Packard E...
Broadcom-1.57%
306.3400
Chart for: Broadcom