🔴 DXC Technology is trading 13.39% down in pre-market after cutting full-year guidance

DXC Technology is trading at $13.19, down 13.39%, after lowering its full-year outlook following its October 29 earnings release.

• Quarterly revenue of $3.03 billion and non-GAAP EPS of $0.67 beat expectations, but management cited weaker bookings and slower pipeline conversion.
• DXC now expects organic revenue to decline 5.0%–5.5%, with third-quarter organic revenue projected to fall about 6%.
• Broader technology-market weakness may add pressure, but earnings and the reduced outlook are the clearest reported explanation for the pre-market decline.