HP Enterprise Tumbles on Earnings Outlook That Fails to Inspire
- CEO says growth rates will ‘modulate’ later this year
- Second half won’t have as easy comparables, analysts say
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Hewlett Packard Enterprise Co. shares slumped the most in more than a year after posting earnings forecasts that left analysts less than impressed.
Profit excluding certain costs will be 35 cents to 39 cents a share in the fiscal third quarter, the Palo Alto, California-based company said in a statement Tuesday. Analysts had projected 36 cents on average, according to data compiled by Bloomberg.