Investing.com - DXC Technology reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
DXC Technology announced earnings per share of $0.75 on revenue of $3.71B. Analysts polled by Investing.com anticipated EPS of $0.8193 on revenue of $3.73B.
DXC Technology shares are up 39% from the beginning of the year, still down 28.66% from its 52 week high of $44.18 set on August 3, 2021. They are outperforming the S&P 500 which is down 12.82% from the start of the year.
DXC Technology shares lost 1.65% in after-hours trade following the report.
DXC Technology follows other major Information Technology sector earnings this month
DXC Technology's report follows an earnings beat by Apple on July 28, who reported EPS of $1.2 on revenue of $82.96B, compared to forecasts EPS of $1.16 on revenue of $82.79B.
Microsoft had missed expectations on July 26 with fourth quarter EPS of $2.23 on revenue of $51.87B, compared to forecast for EPS of $2.29 on revenue of $52.38B.
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