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HPE plunges after announcing cost-cutting plan and underwhelming outlook

HPE plunges after announcing cost-cutting plan and underwhelming outlook

HP Enterprise’s stock tanked over 17% in after-hours trading on Thursday after reporting a mild revenue beat in its latest quarter and issuing weak guidance for the present quarter and full-year.

The data center equipment maker reported $7.85…

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https://sherwood.news/markets/hpe-plunges-after-announcing-cost-cutting-plan-and-underwhelming-outlook/

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