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Hewlett Packard Enterprise cuts earnings outlook for 2023; shares slip

Investing.com -- Hewlett Packard Enterprise fell in afterhours trading Thursday after cutting its annual guidance as the company continues its investments in cloud and artificial intelligence.

Hewlett Packard Enterprise Co (NYSE:HPE) was down nearly 5% on the news.

For 2023, The company now sees EPS in a range of $1.35 to $1.39, down from a prior range of $1.42 to $1.46 a share. But forecasts on adjusted EPS was unchanged in a range of $2.11 and $2.15.

Looking further ahead, the company forecasts in 2024 of 2% to 4% and adjusted EPS of between $1.82 and $2.02 and aims to increased its dividend per share by 8%.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.