DXC Technology Issues Weak Outlook, Joins Take-Two Interactive And Other Big Stocks Moving Lower In Friday's Pre-Market Session
U.S. stock futures were slightly lower this morning, with the Dow futures falling around 10 points on Friday.
Shares of DXC Technology Company (NYSE:DXC) fell sharply in today's pre-market trading after the company issued weak guidance.
DXC Technology reported quarterly earnings of 97 cents per share which beat the analyst consensus estimate of 83 cents. Quarterly sales came in at $3.386 billion which beat the analyst consensus estimate of $3.366 billion, according to data from Benzinga Pro.
DXC Technology said it sees fiscal year 2025 adjusted earnings of between $2.50 and $3.00 per share, versus the $3.49 estimate, and full-year revenue in a range of $12.67 billion to $12.95 billion, versus the $13.19 billion estimate.
DXC Technology shares tumbled 22.3% to $15.45 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
- Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) shares tumbled 11% to $51.00 in pre-market trading after the company reduced its dividend and said it expects third-quarter and fourth-quarter results below its prior expectations.
- Tellurian Inc. (NYSE:TELL) shares declined 8.2% to $0.4787 in pre-market trading.
- Erasca, Inc. (NASDAQ:ERAS) shares fell 6.5% to $1.73 in pre-market trading. Erasca priced its underwritten offering of 86,486,486 common stock at $1.85 per share.
- AST SpaceMobile, Inc. (NASDAQ:ASTS) shares declined 5.7% to $3.80 in pre-market trading after jumping 69% on Thursday. AST SpaceMobile and AT&T recently announced a definitive commercial agreement.
- iQIYI, Inc. (NASDAQ:IQ) shares slipped 3.6% to $5.58 in pre-market trading after gaining 12% on Thursday.
- Ocugen, Inc. (NASDAQ:OCGN) shares declined 3.1% to $1.92 in pre-market trading.
- Take-Two Interactive Software, Inc.. (NASDAQ:TTWO) shares fell 2.6% to $142.30 in pre-market trading after the company reported fourth-quarter earnings and issued FY25 guidance. The company also narrowed its GTA VI release window to fall of 2025.
Now Read This: Investor Optimism Decreases Slightly After Economic Reports, US Stocks Settle Lower
Don't forget to check out our premarket coverage here
