HPE Co. shares fell sharply after the company reported weak profit expectations due to tariffs and low server sales margins. The company plans to cut about 3,000 jobs as it faces financial challenges. Earnings estimates for the fiscal year ending in October 2025 were lower than analyst predictions, with projected earnings ranging from $1.70 to $1.90 per share, down from the average estimated $2.12 a share.
Source: https://www.bloomberg.com/news/articles/2025-03-06/hpe-gives-weak-profit-outlook-and-will-eliminate-3-000-jobs