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0.0207290922087206 0.0371694067190851 0.0483678818203479 0.060757684060043 0.0769597331427211 0.0810102454133907 0.0905408625208483 0.0905408625208483
Stock impact report

HPE stock sinks 9% on revenue miss and weak server numbers [CNBC]

Hewlett Packard Enterprise Company (HPE) 
Last hewlett packard enterprise company earnings: 3/3 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investors.hpe.com
Company Research Source: CNBC
In this article Antonio Neri, President and CEO of Hewlett Packard Enterprise. Anjali Sundaram | CNBC Hewlett Packard Enterprise shares fell 9% Friday after the company reported fourth-quarter revenue that missed analyst expectations. The company reported earnings after the bell on Thursday, posting revenue of $9.68 billion, which was up 14% over the year prior but fell short of the $9.94 billion in revenue expected by analysts polled by LSEG. Revenue for HPE's server segment came in at $4.46 billion, down 5% from the $4.68 billion a year ago. The fourth-quarter number missed StreetAccount analyst expectations of $4.58 billion. CFO Marie Myers addressed the shortfall on the analyst call Thursday, attributing it to the timing of artificial intelligence service shipments and lower-than-expected government spending. “Despite these headwinds, we were encouraged by robust server order growth across both traditional server and AI offerings, with demand significantly outpacing Show less Read more
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