Hewlett Packard Enterprise Lowers FY22 Outlook; Shares Down 7%

While reporting its results for the second quarter on Wednesday, Hewlett Packard Enterprise (HPE) lowered its earnings outlook for the full year 2022. Shares of the company slipped 7% in extended session.

For the full year 2022, Hewlett Packard now expects earnings of $1.17 to $1.31 and adjusted earnings of $1.96 to $2.10 per share. Previously, the company expected earnings of $1.36 to $1.50 per share and adjusted earnings of $2.03 to $2.17 per share.

Analysts polled by Thomson Reuters currently estimate earnings of $2.09 per share for the full year 2022.

The company also reiterates fiscal 2022 revenue growth of 3%-4% adjusted for currency. Analysts currently estimates revenue growth of 2.90%.

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