Xerox Corp. (XRX) Tops Q1 EPS by 13c, Revenues Miss; Raises FY19 EPS Guidance
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Xerox Delivers EPS Growth and Margin Expansion, Raises 2019 EPS Guidance
April 25, 2019 6:30 AM EDTFirst-Quarter 2019 Financial Highlights:
GAAP earnings per share (EPS) of $0.55, up $0.47 year-over-year, and adjusted EPS of $0.91, up $0.23 year-over-year $226 million of operating cash flow, up $10 million year-over-year, and $211 million of free cash flow, up $13 million year-over-year Adjusted operating margin of 11.3%, up 140 basis points year-over-year $2.2 billion of revenue in the quarter, a decrease of 9.4% year-over-year or 7% percent in constant currency Raising 2019 guidance for GAAP EPS to $2.90 to $3.05 and adjusted EPS to $3.80 to $3.95. Prior guidance was $2.60 to $2.70 and $3.70 to $3.80, respectively.NORWALK, Conn.--(BUSINESS... More
