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Hewlett Packard Enterprise's Whitman To Step Down; Forecast Light


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.




READ MORE (Investor's Business Daily)


  • Meg Whitman's Latest Turn SignalWall Street Journal
  • HPE CEO Meg Whitman to step down in 2018 [Updated]Ars Technica
  • Meg Whitman steps down as HP Enterprise CEOHindustan Times
  • Meg Whitman to Step Down as Hewlett Packard Enterprise CEONew York Times
  • Meg Whitman stepping down as HP Enterprise CEO, Antonio Neri to take overETtech.com
  • Meg Whitman stepping down as HP Enterprise CEOPhys.Org
  • Meg Whitman will step down as Hewlett Packard Enterprise's CEOPittsburgh Post-Gazette
  • Billionaire Meg Whitman Will Step Down As CEO Of HPEForbes Africa (blog)
  • Hewlett Packard Enterprise's (HPE) CEO Meg Whitman on Q4 2017 Results ...Seeking Alpha


This post first appeared on The 5th News, please read the originial post: here

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