Rough Start for Hewlett Packard Enterprise
March 1, 2024 5:47 AM | 3 min read
U.S. stock futures were lower this morning, with the Dow futures trading lower by around 100 points on Friday.
Hewlett Packard Enterprise Company (HPE) shares declined in today’s pre-market trading after the company reported mixed first-quarter financial results and issued weak guidance.
Hewlett Packard posted quarterly earnings of 48 cents per share, beating market estimates of 45 cents per share. The company’s quarterly sales came in at $6.75 billion, missing expectations of $7.12 billion.
Hewlett Packard Enterprise shares fell 6.1% to $14.30 in pre-market trading.
Several other big stocks also recorded losses in today’s pre-market trading session:
- Fisker Inc. (FSR) shares dipped 38.4% after reporting preliminary fourth-quarter total revenue results below estimates.
- Scilex Holding Company (SCLX) shares fell 32.2% after a $10 million bought deal offering.
- New York Community Bancorp, Inc. (NYCB) tumbled 28% following the identification of material weakness in internal controls.
- Humacyte, Inc. (HUMA) shares fell 23.5% following a $40.2 million public offering of common stock.
- SoundHound AI, Inc. (SOUN) shares dipped 18.8% after reporting weaker-than-expected fourth-quarter financial results.
- B. Riley Financial, Inc. (RILY) shares fell 14.5% after launching a review of strategic alternatives for certain businesses.
- Ginkgo Bioworks Holdings, Inc. (DNA) fell 13.2% following downbeat quarterly results.
- Plug Power Inc. (PLUG) fell 12.5% following weak financial results.
- Elastic N.V. (ESTC) shares dipped 10.9% after reporting third-quarter financial results.
- Senseonics Holdings, Inc. (SENS) fell 8.8% following fourth-quarter results.
- Zscaler, Inc. (ZS) shares fell 6.4% despite posting better-than-expected earnings and sales results.
- Zuora, Inc. (ZUO) declined 5.8% in pre-market trading.
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