|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||0.00 - 0.00|
|Beta (5Y monthly)||1.97|
|PE ratio (TTM)||0.08|
|Earnings date||23 May 2023 - 29 May 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
DXC Technology Company ( NYSE:DXC ), might not be a large cap stock, but it received a lot of attention from a...
The SEC imposes a fine of $8 million on DXC Technology (DXC) for allegedly making misleading disclosures regarding its non-GAAP financial performance between 2018 and early 2020.
WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission said on Tuesday that IT services firm DXC Technology had made misleading disclosures about its non-GAAP financial performance in multiple reporting periods from 2018 until early 2020. DXC said it had resolved the matter and cooperated with the SEC. "Without admitting or denying the findings in the order, DXC consented to a cease-and-desist order, to pay an $8 million penalty, and to undertake to develop and implement appropriate non-GAAP policies and disclosure controls and procedures," the SEC said in a statement, referring to disclosures that do not adhere to Generally Accepted Accounting Principles (GAAP).