DXC Technology Company Q2 Profit Increases, beats estimates

(RTTNews) - DXC Technology Company (DXC) announced a profit for its second quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $99 million, or $0.49 per share. This compares with $28 million, or $0.12 per share, in last year's second quarter.

Excluding items, DXC Technology Company reported adjusted earnings of $143 million or $0.70 per share for the period.

Analysts on average had expected the company to earn $0.67 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 96258.5% to $3.44 billion from $3.57 million last year.

DXC Technology Company earnings at a glance (GAAP) :

-Earnings (Q2): $99 Mln. vs. $28 Mln. last year. -EPS (Q2): $0.49 vs. $0.12 last year. -Analyst Estimate: $0.67 -Revenue (Q2): $3.44 Bln vs. $3.57 Mln last year.

-Guidance: Next quarter EPS guidance: $0.75 - $0.80 Next quarter revenue guidance: $3.32 - $3.37 Bln Full year EPS guidance: $3.15 - $3.40 Full year revenue guidance: $13.58 -$13.73 Bln