Hewlett Packard Enterprise ( HPE ) offered a turbulent earnings report Tuesday as it announced that Chief Executive Meg Whitman will step down on Feb. 1 and forecast current quarter earnings that would fall below views amid a company restructuring.
The result was that shares in the maker of servers, networking and data storage hardware fell 7% to 13.09 in after-hours trading on the stock market today .
A year earlier, HPE earned 61 cents a share on sales of $12.48 billion.
Analysts expected HPE to report earnings of 28 cents on sales of $7.75 billion for the period ended Oct. 31.
HPE in August completed the sale of its software business to U.K.-based Micro Focus International.
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- Meg Whitman stepping down as HP Enterprise CEOPhys.Org
- Meg Whitman will step down as Hewlett Packard Enterprise's CEOPittsburgh Post-Gazette
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