Xerox Corp. (XRX) Reports In-Line Q1 EPS; Trims FY15 Outlook

Xerox Corp. (NYSE: XRX) reported Q1 EPS of $0.21, in-line with the analyst estimate of $0.21. Revenue for the quarter came in at $4.5 billion versus the consensus estimate of $4.56 billion.

Guidance:

The company said: "We expect increased currency headwinds, softer signings and acquisition timing to impact revenue; and Services margin to be impacted by increased implementation costs in legacy Health Enterprise accounts."

Xerox Corp. sees FY2015 EPS of $0.95 - $1.01, versus prior guidance of $1.00 - $1.06 and the consensus of $1.02. Revenue growth moves from flat to down about 1 percent.

For earnings history and earnings-related data on Xerox Corp. (XRX) click here.

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