Xerox Corp. (XRX) Tops Q2 EPS by 5c; Reaffirms Outlook

Xerox Corp. (NYSE: XRX) reported Q2 EPS of $0.30, $0.05 better than the analyst estimate of $0.25. Revenue for the quarter came in at $4.4 billion versus the consensus estimate of $4.39 billion.

“We delivered strong second-quarter results reflecting significant progress across our 2016 priorities: delivering on our financial commitments, executing our separation and driving our strategic transformation,” said Ursula Burns, Xerox chairman and chief executive officer. “OurServices segment delivered substantial margin expansion and continued revenue growth in Document Outsourcing. Document Technology revenue declines moderated and margin improved driven by cost and productivity initiatives.”

GUIDANCE:

Xerox Corp. sees Q3 2016 EPS of $0.28-$0.28, versus the consensus of $0.28.

Xerox Corp. sees FY2016 EPS of $1.10-$1.20, versus the consensus of $1.09.

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

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