Xerox Exceeds Cash Flow Guidance, Grows EPS and Announces 2019 Guidance that Includes Further EPS Expansion
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UPDATE: Xerox Corp. (XRX) Tops Q4 EPS by 10c, Revenues Miss; Offers FY19 EPS Guidance Above Consensus, Authorizes Additional $1B Share Buyback
January 29, 2019 6:35 AM EST(Updated - January 29, 2019 6:39 AM EST)
Xerox Corp. (NYSE: XRX) reported Q4 EPS of $1.14, $0.10 better than the analyst estimate of $1.04. Revenue for the quarter came in at $2.53 billion versus the consensus estimate of $2.56 billion.
Operating cash flow of $415 million in the quarter increases $564 million year-over-year, or $83 million year-over-year on an adjusted basis.Operating cash flow of $1.14 billion for the full year exceeds guidance and increases $1.32 billion year-over-year, or $168 million year-over-year on an adjusted basis.GAAP EPS from continuing operations of $0.56 in the quarter, an increase of $1.34... More