Investing.com - DXC Technology reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
DXC Technology announced earnings per share of $0.9 on revenue of $4.03B. Analysts polled by Investing.com anticipated EPS of $0.8285 on revenue of $4.12B.
DXC Technology shares are up 24% from the beginning of the year and are trading at $31.75 , down-from-52-week-high.They are broadly in line with the S&P 500 which is up 24.08% from the start of the year.
DXC Technology shares lost 2.22% in after-hours trade the report.
DXC Technology follows other major Technology sector earnings this month
DXC Technology's report follows an earnings beat by Alphabet C on October 26, who reported EPS of $27.99 on revenue of $65.12B, compared to forecasts EPS of $23.83 on revenue of $63.53B.
Taiwan Semiconductor had beat expectations on October 14 with third quarter EPS of $1.07 on revenue of $14.75B, compared to forecast for EPS of $1.04 on revenue of $14.81B.
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