Xerox Q1 Profit Falls, Sees Q2 Adj. EPS In Line With View

Xerox Corp.(XRX) reported a profit for the first-quarter 2016 that fell 85 percent from the prior year, while quarter total revenue declined 4 percent or 3 percent in constant currency. The company expects second-quarter adjusted earnings per share to be in line with analysts estimation. It cut its 2016 GAAP earnings per share outlook, but reaffirmed its annual adjusted earnings guidance.

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