DXC Technology Company's stock plummeted 6.32% during post-market trading on Thursday, marking a significant decline for the IT services provider.
The sharp drop followed the company's release of its third-quarter fiscal 2026 results. While DXC reported adjusted earnings per share of $0.96, beating analyst estimates of $0.83, and revenue of $3.19 billion that slightly exceeded expectations, investors focused on the company's disappointing forward guidance.
For the fourth quarter, DXC Technology provided adjusted diluted EPS guidance in the range of $0.65 to $0.75, which falls below the analyst consensus estimate of $0.80. This weaker-than-expected outlook for the coming quarter appears to have driven the stock's decline as traders reassessed the company's near-term earnings potential.