Xerox Reports Q3 EPS In Line With Its Guidance, Revenue Down 3%

Xerox (XRX) reported third-quarter adjusted earnings of $286 million or $0.27 per share compared to $289 million or $0.27 per share, last year. On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.27 for the quarter. Analysts' estimates typically exclude special items. The company noted that its adjusted EPS excluded $105 million or $0.10 per share of after-tax costs related to the amortization of intangibles, restructuring and related costs, certain retirement related costs and separation costs.

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