DXC Technology’s Weak Guidance Leads to Share Drop as Other Big Stocks Also Report Losses in Pre-Market Trading

This morning, U.S. stock futures were slightly lower, with the Dow futures falling around 10 points. Despite reporting strong quarterly earnings and sales, DXC Technology Company’s shares plummeted in today’s pre-market trading after the company issued weak guidance for fiscal year 2025. DXC Technology reported adjusted earnings of $2.50 to $3.00 per share, below analyst expectations of $3.49, and full-year revenue in a range of $12.67 billion to $12.95 billion, versus analyst consensus estimates of $13.19 billion.

Other big stocks recording losses in today’s pre-market trading session include Cracker Barrel Old Country Store, Inc., Tellurian Inc., Erasca, Inc., AST SpaceMobile, Inc., iQIYI, Inc., Ocugen, Inc., and Take-Two Interactive Software, Inc. Cracker Barrel Old Country Store, Inc.’s shares tumbled 11% after reducing its dividend and lowering its expectations for third-quarter and fourth-quarter results.

In pre-market trading, Tellurian Inc.’s shares declined 8.2%, Erasca, Inc.’s shares fell 6.5%, AST SpaceMobile, Inc.’s shares declined 5.7%, iQIYI, Inc.’s shares slipped 3.6%, Ocugen