10 Stocks Trade Weaker on Disappointing News

2. Hewlett Packard Enterprise Company (NYSE:HPE)

Hewlett Packard fell by 11.97 percent on Friday to end at $15.81 each as investor sentiment was dampened by its mixed earnings performance in the first quarter of fiscal year 2025 while guiding a significantly worse 2025 than what Wall Street analysts had expected.

In the first quarter, HPE said net income attributable to shareholders rose by 54 percent to $598 million from $387 million in the same period a year earlier, as revenues rose 16 percent to $7.854 billion from $6.755 billion year-on-year.

Analysts expected the company to post $7.8 billion in revenues or $0.50 per share, as against HPE’s $0.49 recorded EPS.

Looking ahead, HPE estimates revenues to be in the range of $7.2 billion and $7.6 billion.