Why Hewlett Packard Enterprise Stock Fell 8.5% Today
Shares of Hewlett Packard Enterprise (NYSE: HPE) sank in Tuesday trading to close the day down 8.5%, after the company reported an earnings beat on Monday!
(As a reminder, HPE is the Hewlett Packard tech business that doesn't make PCs or printers or printer ink, but makes servers instead.)
Heading into earnings day, analysts had forecast Hewlett Packard Enterprise would earn $0.46 per share, pro forma, on $7.4 billion in sales in its fiscal Q4 2019. In fact, HPE earned $0.49 per share, but on sales of only $7.2 billion.
Source Fool.com
