DXC Technology Company's stock plummeted 12.21% during intraday trading, reflecting a sharp negative reaction from investors.
The decline follows the company's recent third-quarter fiscal 2026 earnings release. While DXC Technology reported adjusted earnings per share that surpassed analyst estimates, investors reacted negatively to the company's forward guidance.
For the upcoming fourth quarter, DXC provided adjusted diluted EPS guidance that falls below the analyst consensus estimate. This weaker-than-expected outlook for the near-term earnings potential appears to be the primary driver behind the stock's significant decline.
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