US Stock Market Move | Hewlett Packard Enterprise Co. (HPE.US) technology fell 9% before the market opened, and the revenue outlook for the first quarter of the fiscal year 2026 is much lower than expected.

On Friday, Hewlett Packard Enterprise Co. (HPE.US) fell 9% in pre-market trading to $20.84. In terms of news, Hewlett Packard Enterprise Co. said in a earnings statement on Thursday that it expects revenue for the first quarter of fiscal year 2026 ending in January to be in the range of $9 billion to $9.4 billion, with adjusted earnings per share between $0.57 and $0.61, excluding some items. This is below the average Wall Street analysts' expectations of revenue of around $9.88 billion and adjusted earnings per share of about $0.53. For fiscal year 2026, Hewlett Packard Enterprise Co. reiterated its revenue guidance range of 17% to 22%.