welcome
Investing.com

Investing.com

Technology

Technology

Hewlett Packard Enterprise stock sinks 20% on disappointing guidance, job cuts

Investing.com
Summary
Nutrition label

81% Informative

Hewlett Packard Enterprise Co (NYSE:HPE) shares tanked nearly 20% in premarket trading Friday after the company reported mixed first-quarter results.

The enterprise technology company reported adjusted earnings per share of $ 0.49 for the first quarter .

Despite the positive revenue growth, HPE 's gross margins declined significantly.

The company announced a cost reduction program aimed at cutting structural operating costs.

VR Score

92

Informative language

97

Neutral language

88

Article tone

formal

Language

English

Language complexity

48

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links