Xerox Corp (XRX) reported quarterly earnings results on Friday, Jul-29-2016. The company said it had a profit of $0.26 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.24. The company posted revenue of $1385.00 million in the period, compared to analysts expectations of $4389.41 million. The company’s revenue was down -69.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.
Xerox Corp closed down -0.09 points or -0.90% at $9.91 with 56,49,401 shares getting traded on Thursday. Post opening the session at $9.98, the shares hit an intraday low of $9.9 and an intraday high of $10.04 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
Investors should note that on Jul 20, 2016, Xerox Corp announced a cash dividend of $0.0775. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 31, 2016.
In a different news, on Jul 5, 2016, James A Firestone (Executive Vice President) sold 50,000 shares at $9.36 per share price.
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.