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Stock impact report

Xerox tops earnings expectations but misses on revenue [MarketWatch]

Xerox Holdings Corporation (XRX) 
Last xerox holdings corporation earnings: 4/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: news.xerox.com/investors
Company Research Source: MarketWatch
Xerox tops earnings expectations but misses on revenue Xerox Corp. shares XRX, -1.46% were inactive in premarket trading Thursday after the company topped earnings estimates and raised its full-year profit forecast but came in a bit shy on first-quarter revenue. The company reported net income or $133 billion, or 55 cents a share, compared with $23 million, to 8 cents a share, in the year-ago period. Adjusted earnings per share rose to 91 cents from 68 cents a year earlier and came in ahead of the FactSet consensus estimate, which called for 80 cents. Xerox's revenue fell to $2.2 billion from $2.4 billion for the first quarter, whereas analysts had been predicting $2.3 billion. Xerox raised its 2019 full-year adjusted EPS outlook to $3.80 to $3.95. The company had previously been forecasting $3.70 to $3.80. Shares have gained 71% so far this year, as the S&P 500 SPX, -0.22% has risen 17%. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Si Show less Read more
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