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Home » Hewlett Packard Enterprise cuts earnings outlook for 2023; shares slip
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Hewlett Packard Enterprise cuts earnings outlook for 2023; shares slip

News RoomBy News RoomOctober 19, 202312 Views0
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© Reuters.

Investing.com — Hewlett Packard Enterprise fell in afterhours trading Thursday after cutting its annual guidance as the company continues its investments in cloud and artificial intelligence.

Hewlett Packard Enterprise Co (NYSE:) was down nearly 5% on the news.

For 2023, The company now sees EPS in a range of $1.35 to $1.39, down from a prior range of $1.42 to $1.46 a share. But forecasts on adjusted EPS was unchanged in a range of $2.11 and $2.15.

Looking further ahead, the company forecasts in 2024 of 2% to 4% and adjusted EPS of between $1.82 and $2.02 and aims to increased its dividend per share by 8%.

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