: HPE stock drops following disappointing outlook

Hewlett Packard Enterprise Co. HPE shares fell in the extended session Thursday after the company’s forecast for this year and the next fell short of expectations. HPE shares dropped 4% after hours, following a 2.3% decline to close the regular session at $16.30. For the current fiscal year, HPE forecasts revenue to grow 4% to 6%, and adjusted earnings of $2.11 to $2.15 a share. Analysts surveyed by FactSet had forecast $2.14 a share on revenue of $29.15 billion. For fiscal 2024, HPE expects revenue growth of 2% to 4%, and adjusted earnings of $1.82 to $2.02 a share. Analysts had forecast fiscal 2024 earnings of $2.15 a share on revenue of $29.62 billion.

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