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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NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100