Investing.com - DXC Technology reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
DXC Technology announced earnings per share of $1.2 on revenue of $4.82B. Analysts polled by Investing.com anticipated EPS of $0.97 on revenue of $4.87B. That with comparison to EPS of $2.19 on revenue of $5.28B in the same period a year before.DXC Technology had reported EPS of $1.25 on revenue of $5.02B in the previous quarter.Analysts are expecting EPS of $1.13 and revenue of $4.52B in the upcoming quarter.
DXC Technology shares are down 55% from the beginning of the year and are trading at $16.57 , down-from-52-week-high.They are under-performing the S&P 500 which is down 6.62% year to date.
DXC Technology follows other major Technology sector earnings this month
DXC Technology's report follows an earnings beat by Apple on Thursday, April 30, 2020, who reported EPS of $2.55 on revenue of $58.31B, compared to forecasts EPS of $2.24 on revenue of $54.78B.
Facebook had missed expectations on Wednesday, April 29, 2020 with first quarter EPS of $1.71 on revenue of $17.74B, compared to forecast for EPS of $1.74 on revenue of $17.33B.
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