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Hewlett-Packard Company stock price
Hewlett-Packard Company latest news:
Hewlett Packard Enterprise to lay off 5,000 workers, Bloomberg reports
Hewlett Packard Enterprise Co. plans to cut about 10% of its staff, or 5,000 workers, Bloomberg News reported Thursday evening based on anonymous sources. HPE has been in constant flux since Chief Executive Meg Whitman split the former Hewlett-Packard in two in 2015, creating the business-focused company she runs and HP Inc. , the consumer-focused printer and personal-computer business. After HPE's most recent earnings report, which came on the heels of a spin-off of much of HPE's software business, Whitman said HPE was about to enter into a new program called HPE Next to “simplify how we work.” HPE shares gained 0.7% in late trading Thursday, after closing with a 1.2% gain at $13.79.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Hewlett Packard Enterprise beats on earnings after spin-off, shares gain
Hewlett Packard Enterprise Co. beat quarterly earnings expectations after spinning off some software assets, and shares received a boost in late trading Tuesday. The enterprise-focused arm of the split-apart Hewlett-Packard Co. revealed fiscal third-quarter earnings of 15 cents per share for continuing operations, down from $1.43 a share a year ago, on revenue of $8.2 billion. After adjusting for the charges related to HPE's long restructuring process and other factors, the company claimed adjusted earnings of 31 cents a share. Analysts on average expected earnings of 26 cents a share on revenue of $7.5 billion, according to FactSet. HPE also adjusted its full-year forecast with the software spin-off completed, projecting that it will end the fiscal year with a GAAP loss of 7 to 11 cents a share and an adjusted profit of $1.36 to $1.40 a share, with the large discrepancy coming from separation costs, restructuring charges and other costs. HPE shares gained about 4% in immediate late trading after the announcement, topping $14.50 after closing the session with a 1.9% decline at $14.04.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
UPDATE 1-HP Inc's quarterly profit beats on higher PC sales
Aug 23 (Reuters) - HP Inc, which houses the hardware
business of former Hewlett-Packard Co, reported a slightly
higher-than-expected quarterly profit as it sold more personal
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