The FINANCIAL — Xerox Corp. released earnings for third quarter that declined compared to the same period last year, according to Nasdaq.
The company said its bottom line declined to $258 million, or $0.24 per share. This was lower than $306 million, or $0.26 per share, in last year’s third quarter.
Analysts had expected the company to earn $0.23 per share, according figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company said revenue for the quarter fell 9.8% to $4.33 billion. This was down from $4.80 billion last year.
Xerox Corp. earnings at a glance:
-Earnings (Q3): $258 Mln. vs. $306 Mln. last year.
-Earnings Decline (Y-o-Y): -15.7%
-EPS (Q3): $0.24 vs. $0.26 last year.
-EPS Decline (Y-o-Y): -7.7%
-Analysts Estimate: $0.23
-Revenue (Q3): $4.33 Bln vs. $4.80 Bln last year.
-Revenue Change (Y-o-Y): -9.8%
Next quarter EPS guidance: $0.28 – $0.30
Full year EPS guidance: $0.95 – $1.01