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 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 , still down 71.05% from its 52 week high of $57.23 set on July 16, 2019. 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 April 30, 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 April 29 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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