Why Hewlett Packard Enterprise (HPE) Shares Are Sliding After The Bell
Portfolio Pulse from Adam Eckert
Hewlett Packard Enterprise (HPE) shares dropped after the company reported Q2 revenue of $6.97 billion, missing estimates of $7.31 billion. However, Q2 EPS of 52 cents beat estimates of 48 cents. HPE's Q3 revenue guidance is also below estimates.
May 30, 2023 | 8:26 pm
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NEGATIVE IMPACT
HPE shares fell after missing Q2 revenue estimates and providing weak Q3 revenue guidance, despite beating Q2 EPS estimates.
HPE's stock price is likely to be negatively impacted in the short term due to the missed Q2 revenue estimates and weak Q3 revenue guidance. Although the Q2 EPS beat estimates, the revenue figures are more concerning for investors, leading to a drop in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100