HPE Stock Plunges due to Weak Earnings Forecast! The Company Plans to cut up to 2,500 Jobs

Hewlett Packard Enterprise reported mixed financial results for Q1 with a forecast for Q2 that missed Wall Street's targets by a wide margin. The company generated an adjusted profit of 49 cents per share in Q1 with revenue of $7.85 billion. Analysts polled by FactSet had expected the company to report earnings of 50 cents per share on revenue of $7.81 billion. In the same period last year, HPE reported earnings of 48 cents per share with revenue of $6.76 billion. The outlook for Q2 is disappointing The company also stated that it expects...