Investing.com - DXC Technology reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
DXC Technology announced earnings per share of $0.21 on revenue of $4.5B. Analysts polled by Investing.com anticipated EPS of $1.11 on revenue of $4.32B.
DXC Technology shares are down 50% from the beginning of the year and are trading at $18.69 , down-from-52-week-high.They are under-performing the S&P 500 which is up 3.66% from the start of the year.
DXC Technology follows other major Technology sector earnings this month
DXC Technology's report follows an earnings beat by Apple on July 30, who reported EPS of $2.58 on revenue of $59.69B, compared to forecasts EPS of $2.05 on revenue of $52.24B.
Microsoft had beat expectations on July 22 with fourth quarter EPS of $1.46 on revenue of $38.03B, compared to forecast for EPS of $1.34 on revenue of $36.54B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar