Hewlett Packard Enterprise shares tumble after US tariffs hit forecasts

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The story "Hewlett Packard Enterprise shares tumble after US tariffs hit forecasts" was covered 2 days ago by Channel News Asia, a news publisher based in Singapore.

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Hewlett Packard Enterprise shares tumble after US tariffs hit forecasts - Channel News Asia

Quick Summary:

Shares of Hewlett Packard Enterprise slumped 20 per cent in premarket trading on Friday, after the AI-server maker said its annual profit forecast would be hit by U.S.tariffs in an intensely competitive market.U.S.

The company was set to lose more than $4 billion in market value, if premarket losses hold.

HPE currently trades at 8.19 times the estimates of its earnings for the next 12 months, compared with 9.74 times for Dell and 10.71 times for Super Micro Computer.