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HPE stock sinking over mixed Q1 results, weak profit guidance
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Shares of Hewlett Packard Enterprise (HPE) tumble in Thursday's after-hours trading session after reporting missed fiscal first quarter results: revenue of $7.85 billion (topping expectation for $7.81 billion) and adjusted earnings of $0.49 per share (just missing expectations of $0.50).
Julie Hyman and Josh Lipton dive deeper into HPE's earnings release, noting the IT company's cost-cutting initiatives and weak second quarter and full-year profit guidance.
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This post was written by Luke Carberry Mogan.
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