Hewlett Packard Enterprise Shares Down Today: What's Going On?
Portfolio Pulse from Lekha Gupta
Hewlett Packard Enterprise Co (HPE) shares are trading lower after the company provided its long-term and FY24 outlook at its recent investor day. The company reaffirmed its FY23 outlook for revenue growth at 4%-6% and adjusted EPS at $2.11-$2.15. However, it lowered the adjusted operating profit growth outlook to about 4%. For FY24, the company guided revenue growth of 2%-4% and adjusted EPS of $1.82-$2.02. HPE also plans to return 65%-75% of free cash flow to shareholders over the next three years.

October 20, 2023 | 11:57 am
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Hewlett Packard Enterprise Co (HPE) shares are trading lower after the company provided its long-term and FY24 outlook. The company reaffirmed its FY23 outlook but lowered the adjusted operating profit growth outlook to about 4%.
The company's shares are trading lower due to the lowered adjusted operating profit growth outlook. This indicates that investors may have concerns about the company's profitability in the future.
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