DXC Posts 2Q EPS of 15 Cents
DXC sits 93% above its 52-week low of $7.9.
Summary
DXC reported second-quarter EPS of 15 cents, on revenue of $3.03B and net income of $13M. The prior quarter's adjusted EBIT fell 30.6% and the GIS segment profit dropped 61%, so any stabilization in earnings would be a meaningful turn. This also lands as DXC is in advanced talks to sell its insurance software and services division to Eldridge Industries, a deal that would reshape the revenue base. Full segment and guidance detail from the release will determine whether 15 cents reflects real improvement or one-off items.
At the time of this announcement, DXC was trading at $15.23 on NYSE in the Technology sector, with a market capitalization of approximately $2.4B. The 52-week trading range was $7.90 to $16.38. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.