Hewlett Packard Enterprise Stock Sinks on Firm's Outlook, Cost-Cutting Measures
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Hewlett Packard Enterprise (HPE) shares dropped 15% after the company provided weak profit guidance and announced cost-cutting measures, including a 5% workforce reduction. The company's earnings per share fell short of expectations, despite a 16% revenue increase.
March 07, 2025 | 4:00 pm
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Hewlett Packard Enterprise's stock fell 15% due to weak profit guidance and a cost-cutting plan involving a 5% workforce reduction. The company's EPS missed estimates, although revenue increased by 16%.
HPE's stock is likely to decline in the short term due to disappointing profit guidance and missed EPS estimates. The announcement of a 5% workforce reduction as part of cost-cutting measures further adds to investor concerns, despite a positive revenue increase.
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