DXC Technology Company's stock experienced a significant pre-market plunge, dropping 5.07% as trading began for the session.
The decline follows the company's recent third-quarter fiscal 2026 earnings release. While DXC Technology reported adjusted earnings per share of $0.96, surpassing analyst estimates of $0.83, and revenue of $3.19 billion that slightly exceeded expectations, investors reacted negatively to the company's forward guidance.
For the upcoming fourth quarter, DXC 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 near-term earnings potential appears to be the primary driver behind the stock's pre-market decline.