Hewlett Packard Enterprise cuts cash flow outlook on coronavirus impact, shares down

HPE now expects 2020 free cash flow between $1.6 billion and $1.8 billion, down from its prior outlook of $1.9 billion to $2.1 billion. “The health issue is causing disruption to both supply and demand, and while we cannot quantify the real impact at this time, we’re monitoring the situation closely and are working with our suppliers to minimize potential impact,” Chief Financial Officer Tarek Robbiati said on a post earnings call with analysts. …read more

Source:: Yahoo Finance

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