Hewlett Packard Enterprise (HPE) shares move lower in Thursday's after-hours trading session after the computer company shared mixed fiscal first-quarter earnings results. HPE missed revenue projections, posting $6.76 billion against estimates of $7.1 billion. The company managed to squeak past adjusted EPS forecasts with gains of $0.48. Yahoo Finance Live dissects HPE's weaker-than-expected guidance and the company's performance across its segments. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Hewlett Packard Enterprise (HPE) shares move lower in Thursday's after-hours trading session after the computer company shared mixed fiscal first-quarter earnings results. HPE missed revenue projections, posting $6.76 billion against estimates of $7.1 billion. The company managed to squeak past adjusted EPS forecasts with gains of $0.48.
Yahoo Finance Live dissects HPE's weaker-than-expected guidance and the company's performance across its segments.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.
Bloomberg
(Bloomberg) -- Hewlett Packard Enterprise Co. reduced its outlook for sales growth and profit in the current fiscal year, citing lower demand for networking products and a crunch in computer chip availability.Most Read from BloombergFed’s Preferred Inflation Metric Increases by Most in a YearHow Much Wealth You Need to Join the Richest 1% Around the WorldApple to Wind Down Electric Car Effort After Decadelong OdysseyStocks End Month at New Highs After Inflation Data: Markets WrapTrump Warns of B
Reuters
China's latest purchasing managers index figures dominate the market agenda in Asia on Friday, offering investors the first glimpse into how the troubled economy fared in February as they await next week's National People's Congress. The new month kicks off with markets across the region and beyond in fairly buoyant mood after in-line U.S. inflation figures on Thursday extended the global equity rally and pushed U.S. Treasury yields lower. Asian markets take the baton on Friday, the first trading day of the month, after the MSCI Asia ex-Japan rose 4% and Japan's Nikkei hit all-time highs in February.
Associated Press Finance
The IRS plans to go after 125,000 high-income earners who did not file tax returns going back to 2017 — and the agency expects to collect roughly $100 billion in back taxes. But since the federal tax collector received resources from the IRA, “the IRS now has the capacity to do this core tax administration work,” he said.
Reuters
Dell Technologies beat Wall Street estimates for fourth-quarter revenue on Thursday, helped by the artificial intelligence boom and a recovery in the personal computer (PC) market. The PC market is showing signs of green shoots following a slowdown in revenue that began in 2022 from the peaks touched during the pandemic, as the boom in work-from-home demand for PCs and electronics faded. Dell is also a beneficiary of rising demand for its AI-servers that are equipped with chip designer Nvidia's graphics processing units (GPUs), which helps in meeting the demands of high-performance computing.
TipRanks
We’re past midway through the first quarter of 2024, and the S&P 500 has been regularly notching new highs. Markets are finding support from several directions, including positive investor sentiment buoyed by the slowing rate of inflation and the prospect of interest rate cuts later this year. The overall upbeat outlook prevailing in the stock markets has the major investment banks feeling optimistic, too. Recently, Goldman Sachs’s Chief U.S. Equity Strategist, David Kostin, raised his year-end
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