Tiger Brokers

BUZZ-Hewlett Packard slumps after dour Q2 forecasts

Reuters
Mar 07, 2025
BUZZ-Hewlett Packard slumps after dour Q2 forecasts

** Shares of AI server maker Hewlett Packard HPE.N fall 19.5% to $14.45 in premarket

** Company after market on Thursday forecast Q2 revenue and adjusted EPS below Wall Street's estimates

** HPE projected revenue between $7.2 billion and $7.6 billion for the second quarter vs analysts estimates of $7.93 billion, as per data compiled by LSEG

** HPE forecast Q2 adj earnings to be in the range of 28 cents/share to 34 cents/share, vs estimates of 50 cents/share

** The server maker also said it would lay off 5% of its global workforce, or roughly 2,500 positions, as part of a cost-saving program

** As of last close, HPE stock has shed ~16% YTD

(Reporting by Pritam Biswas in Bengaluru)

((Pritam.Biswas@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10