Reported 2 days ago
Hewlett Packard Enterprise Co. experienced its largest one-day stock drop since 2020 after revealing that profit expectations for the upcoming year are hindered by tariffs, weak server sales margins, and operational issues, prompting the company to announce layoffs of approximately 3,000 employees. The earnings outlook fell short of analysts' estimates, leading to a 20% decline in share value during early trading, and reflecting broader operational challenges beyond just the impact of tariffs.
Source: YAHOO