DXC Technology Co DXC.N reported quarterly adjusted earnings of 68 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 74 cents. The mean expectation of nine analysts for the quarter was for earnings of 62 cents per share. Wall Street expected results to range from 56 cents to 76 cents per share.
Revenue fell 2.4% to $3.16 billion from a year ago; analysts expected $3.09 billion.
DXC Technology Co's reported EPS for the quarter was 9 cents.
The company reported quarterly net income of $16 million.
DXC Technology Co shares had fallen by 10.2% this quarter and lost 31.3% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 19.7% in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 9 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is "buy."
Wall Street's median 12-month price target for DXC Technology Co is $17.00, about 19.9% above its last closing price of $13.61
This summary was machine generated from LSEG data July 31 at 09:43 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)