Recap: DXC Technology Q3 Earnings
Portfolio Pulse from Benzinga Insights
DXC Technology (NYSE:DXC) reported Q3 earnings with an EPS of $0.87, beating estimates by 12.99% but with a revenue decrease of $167 million from the previous year. The company has shown a pattern of beating EPS estimates in recent quarters, with a notable share price increase following last quarter's earnings beat.
February 01, 2024 | 9:20 pm
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DXC Technology reported higher than expected Q3 earnings with an EPS beat of 12.99%, despite a year-over-year revenue decrease. The company has a history of beating EPS estimates, positively influencing its stock price.
DXC Technology's Q3 earnings beat and its history of exceeding EPS expectations suggest a positive short-term impact on its stock price. Although revenue has decreased, the consistent outperformance on earnings could maintain investor confidence and potentially lead to a positive reaction in the stock market, similar to the 9.96% increase observed after the last quarter's earnings beat.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100