Hewlett Packard Enterprise Issues Weak Forecast, Joins Clarus, Samsara And Other Big Stocks Moving Lower In Friday's Pre-Market Session

U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 0.5% on Friday.

Shares of Hewlett Packard Enterprise Company HPE fell sharply in today's pre-market trading after the company issued second-quarter guidance below estimates.

Hewlett Packard Enterprise reported quarterly earnings of 49 cents per share, in line with the analyst consensus estimate. Quarterly revenue came in at $7.85 billion which beat the analyst consensus estimate of $7.82 billion and an increase over revenue of $6.75 billion from the same period last year.

Hewlett Packard Enterprise estimates second-quarter revenue to be in the range of $7.2 billion to $7.6 billion, versus the $7.93 billion estimate, and EPS of between 28 cents and 34 cents, versus the 50 cent estimate.

Hewlett Packard Enterprise shares tumbled 19.9% to $14.39 in the pre-market trading session.

Here are some other stocks moving lower in pre-market trading.

• Intuitive Machines, Inc. LUNR shares fell 34.8% to $7.33 in pre-market trading after dipping 20% on Thursday.
• BigBear.ai Holdings, Inc. BBAI fell 13.7% to $3.62 in pre-market trading after the company reported worse-than-expected quarterly financial results.
• Clarus Corporation CLAR shares tumbled 10.8% to $3.80 in pre-market trading following weak quarterly earnings.
• Samsara Inc. IOT fell 10% to $37.69 in today's pre-market trading after reporting fourth-quarter results.
• Serve Robotics Inc. SERV fell 6.3% to $7.42 in pre-market trading after the company reported fourth-quarter financial results and missed its adjusted EPS and revenue estimates.
• Acadia Healthcare Company, Inc. ACHC declined 6% to $28.12 in pre-market trading. Acadia Healthcare announced the pricing of $550 million senior notes due 2033.
• Sify Technologies Limited SIFY fell 5.2% to $4.5511 in pre-market trading.
• LKQ Corporation LKQ fell 4.3% to $40.94 in pre-market trading.

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