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HPE Stock Plummets 17% Amid Layoffs and Lawsuit

3/7/2025

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Summary

Story summary

Hewlett Packard Enterprise (HPE) stock fell over 17% following mixed Q1 results and weak guidance.
Q1 revenue was $7.85 billion, surpassing estimates, but adjusted earnings per share of $0.49 missed expectations.
HPE intends to reduce its workforce by 2,500 jobs, aiming to save $350 million by 2027.
The company is facing an antitrust lawsuit from the DOJ over its $14 billion acquisition of Juniper Networks.

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Story summary

Hewlett Packard Enterprise (HPE) stock fell over 17% following mixed Q1 results and weak guidance.
Q1 revenue was $7.85 billion, surpassing estimates, but adjusted earnings per share of $0.49 missed expectations.
HPE intends to reduce its workforce by 2,500 jobs, aiming to save $350 million by 2027.
The company is facing an antitrust lawsuit from the DOJ over its $14 billion acquisition of Juniper Networks.