MFST - Why Is DXC Technology Stock Tumbling Friday? | Benzinga
DXC Technology (NYSE:DXC) shares are down Friday morning after the company reported financial earnings for the fourth quarter and issued weak guidance.
The Details: After market close on Thursday, DXC reported financial results for the fourth quarter, including adjusted EPS of 97 cents, beating analyst estimates of 83 cents.
In addition, DXC announced sales of $3.38 billion beating analyst estimates of $3.36 billion. This figure represents a 5.7% year-over-year decrease.
The company announced financial results for the full 2024 fiscal year as well with total revenue at $13.67 billion and adjusted EPS at $3.13.
DXC issued guidance for the first quarter and 2025 fiscal year. For the first quarter, the company expects revenue to be between $3.1 billion and $3.15 billion versus analyst estimates of $3.301 billion. Also, DXC ...