HPE Falls After Outlook Disappoints on Slower Server Deals
Hewlett Packard Enterprise Co. shares dropped in premarket trading on Friday after the company gave an outlook for sales in the current quarter that fell short of high expectations for the AI server business.
Revenue will be $9 billion to $9.4 billion and profit, excluding some items, will be 57 cents to 61 cents in the period ending in January, HPE said Thursday in a statement. Analysts, on average, projected sales of $9.88 billion and profit of 53 cents, according to data compiled by Bloomberg.