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MarketWatch First Take: Whitman’s excuses for Hewlett Packard Enterprise earnings are not enough

Hewlett Packard Enterprise Inc. stumbled yet again Thursday, and Chief Executive Meg Whitman has run out of excuses for her failure to get this crumbling ship afloat.

HPE HPE, -0.48% has never found its footing since splitting with HP Inc. HPQ, +8.64% more than a year ago, with year-over-year revenue declines in four of the five quarters since the split, culminating in a 10% quarterly drop reported Thursday. During its time as a separate company, the only constant besides disappointing revenue growth has been the company’s incessant restructuring. HPE is in the process of two more financially driven spin-outs — computer services and software — that will likely lead to yet more restructuring costs.

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