DXC Technology Co DXC.N reported quarterly adjusted earnings of 84 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 97 cents. The mean expectation of eleven analysts for the quarter was for earnings of 77 cents per share. Wall Street expected results to range from 73 cents to 92 cents per share.
Revenue fell 6.4% to $3.17 billion from a year ago; analysts expected $3.13 billion.
DXC Technology Co's reported EPS for the quarter was $1.43.
The company reported quarterly net income of $264 million.
DXC Technology Co shares had fallen by 0.6% this quarter and lost 15.2% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 1.5% 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," 8 "hold" and 2 "sell" or "strong sell."
Wall Street's median 12-month price target for DXC Technology Co is $22.00
This summary was machine generated from LSEG data May 14 at 09:00 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)