DXC Technology stock falls after revenue misses Street view
DXC Technology shares dropped in the extended session Tuesday after the IT services company's revenue fell short of Wall Street estimates. DXC shares fell 7% after hours, following a 0.6% decline to close the regular session at $72.21. The company reported fiscal second-quarter net income of $262 million, or 92 cents a share, compared with $256 million, or 88 cents a share, in the year-ago period. Revenue declined to $5.01 billion from $5.45 billion in the year-ago quarter. Adjusted earnings were $2.02 a share. Analysts surveyed by FactSet had forecast earnings of $1.94 a share on revenue of $5.3 billion. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.