Xerox Corp (XRX) reported quarterly earnings results on Monday, Apr-25-2016. The company reported $0.22 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.23. The company posted revenue of $4281.00 million in the period, compared to analysts expectations of $4233.57 million. The company’s revenue was down -4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.
Many Wall Street Analysts have commented on Xerox Corp. Xerox Corp was Downgraded by Morgan Stanley to ” Equal-Weight” on Feb 1, 2016.
Xerox Corp opened for trading at $11.14 and hit $11.2401 on the upside on Friday, eventually ending the session at $11.17, with a gain of 0.09% or 0.01 points. The heightened volatility saw the trading volume jump to 66,95,568 shares. Company has a market cap of $11,314 M.
Xerox Corporation is engaged in offering business process and document management solutions. The Company operates through the following segments: Services Document Technology and Other. The Company’s customers include small and midsize businesses (SMBs) graphic communications companies Governmental entities educational institutions and Fortune 1000 corporate accounts. The Company’s Services segment provides two types of service offerings: Business Process Outsourcing (BPO) and Document Outsourcing (DO). It provides multi-industry offerings such as customer care transaction processing finance and accounting and human resources as well as industry focused offerings in areas such as healthcare transportation financial services retail and telecommunications. The Company’s Document Technology segment includes the sale of products and supplies as well as the associated technical service and financing of those products.