DXC Technology is trading 5.48% down at $14.50 after lowering full-year guidance.
- Its October 29 earnings report beat quarterly revenue and adjusted EPS estimates, but next-quarter revenue outlook missed estimates.
- Reports cited weaker bookings and softer deal conversion as concerns weighing on shares.
- A broader technology selloff, worries about AI spending and disappointing results or outlooks from major technology companies added pressure. Shares fell further after Thursday’s 5.34% drop. No live volume data was provided.