DXC Technology Expects Q1 Organic Revenue Growth Of (8.0)%-(7.0)%, Revenue Of $3.1B-$3.15B (Est $3.301B), Adj EPS Of $0.55 - $0.60 (Est $0.76)
Portfolio Pulse from Benzinga Newsdesk
DXC Technology has provided its Q1 financial outlook, expecting organic revenue growth to decline by 8.0% to 7.0%, with revenue projected between $3.1 billion and $3.15 billion, below the estimated $3.301 billion. The company also anticipates adjusted EPS to be in the range of $0.55 to $0.60, which is lower than the estimated $0.76.
May 16, 2024 | 8:43 pm
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DXC Technology's Q1 outlook indicates a significant decline in organic revenue growth and lower-than-expected revenue and adjusted EPS, which could negatively impact investor sentiment.
The company's forecasted decline in organic revenue growth and lower-than-expected revenue and adjusted EPS are likely to be viewed negatively by investors, potentially leading to a short-term decrease in stock price.
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