Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
You can save money by doing a quick check and unsubscribing from apps you no longer use.Technologyread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread more
Shares of Hewlett Packard Enterprise plunged more than 10 percent on Wednesday, after CEO Antonio Neri prepared investors for a more "challenging second half" of the year, overshadowing the company's better-than-expected earnings report.
Neri was hardly downbeat in offering up his forecast, which met analysts' expectations.
"We expect the growth rate to moderate," he said, citing tough comparisons to last year's numbers. "While we see a more challenging second half, we have got great momentum, and I'm confident that we will deliver on our annual fiscal year 2018 outlook."
After the report, analysts at Morgan Stanley even raised their price target on the stock to $21 from $20.
Still, the stock sank $1.77, or 10 percent, to $15.64 as of mid-day on Wednesday. The shares are now up 8.2 percent for the year.
HPE beat revenue and profit estimates for the fiscal second quarter. HPE said in a statement that it generated earnings per share of 34 cents, excluding certain items, topping the 31-cent average analyst estimate, according to Thomson Reuters. Sales rose 10 percent to $7.5 billion, exceeding the $7.4 billion average estimate.
The company's biggest business segment, hybrid IT, grew 6.8 percent to $6 billion in revenue. Within that segment, the compute business ended the quarter with $3.21 billion in revenue, just shy of estimates, according to FactSet.
HPE said it it's expecting earnings per share of 35 to 39 cents in the fiscal third quarter, excluding certain items, and between $1.40 and 1.50 for the full fiscal year. Analysts expected 36 cents for the third quarter and $1.41 for the year, according to Thomson Reuters.
During the quarter, HPE bought Cape Networks, and venture capitalist Marc Andreessen left the company's board. HPE recorded a $140 million tax expense in the quarter as a result of recently enacted U.S. tax reform.