HPE Projects Sales Below Estimates With Server Demand Fears

Hewlett Packard Enterprise Co. provided a revenue outlook in the current quarter that was just shy of expectations, after reporting a steeper decline in server sales than analysts expected.

Revenue will be $6.9 billion to $7.3 billion in the period ending in January, HPE said Tuesday in a statement. At the midpoint, that would miss analysts’ average estimate of $7.27 billion, according to data compiled by Bloomberg. Profit, excluding some items, will be about 46 cents, in line with the average projection.