DXC: Fiscal 1Q Earnings Snapshot
TYSONS, Va. (AP) _ DXC Technology Co. (DXC) on Tuesday reported fiscal first-quarter profit of $259 million.
On a per-share basis, the Tysons, Virginia-based company said it had net income of 90 cents. Earnings, adjusted for one-time gains and costs, came to $1.93 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.75 per share.
The information technology company posted revenue of $5.28 billion in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $5.32 billion.
DXC shares have dropped 8 percent since the beginning of the year.