This story will be updated later on Friday.
For the current quarter ending in September, Xerox expects its per-share earnings to range from 22 cents to 24 cents.
Xerox Corp (NYSE:XRX) stock is now trading 26.25% below its 52-week-high, 3.42% above its 52-week-low.
An earnings surprise is the calculated difference between a firm’s expected earnings numbers provided by Wall Street analysts and the actual reported numbers. Xerox is also expected to remain in line with the Street’s sales estimate for the second quarter of fiscal year 2015 (2QFY15). Of the 20 analysts who now rate the stock, 15 suggest a Buy, while four analysts give out a Hold rating.
A recent analyst activity consisted of Tigress Financial downgrading their Neutral rating to Underperform on May 8. 2 analysts have rated the company as a strong buy.
In 2QFY15, the company reported an EPS of $0.77 and topped the consensus estimates of $0.74. (NYSE:XRX) are expected to announce their results on Friday. Xerox Corp has a 52-week low of $10.24 and a 52-week high of $14.36.
Xerox Corp. said it saw revenue fall and profit plunge in the latest quarter, as currency fluctuations and the company’s document-technology business dragged on results. Post opening the session at $10.89, the shares hit an intraday low of $10.47 and an intraday high of $10.99 and the price vacillated in this range throughout the day. A year earlier it earned $266 million, or 22 cents per share.
Revenue for the Norwalk, Connecticut-based company fell to $4.59 billion from $4.94 billion. During the same quarter in the prior year, the company posted $0.27 earnings per share. On a constant currency basis, it was up 1 percent. Earnings, adjusted to account for discontinued operations and asset impairment costs, were 22 cents per share.
Ahead of its earnings, American Airlines stock is trading 2.81% up at $42.60 at closing hours. It is engaged in designing, developing and delivering information technology (IT) solutions that leverage its secure data centers, help desks and managed storage facilities around the world to provide IT infrastructure.
Xerox Corporationprovides services and technology to enable its customers from small businesses to large global enterprises to focus on their core business. This includes services which support all enterprises through offerings, such as customer care, finance and accounting and human resources, as well as vertically focused offerings in areas, such as healthcare, transportation, retail and telecommunications, among others. The Company operates in three segments: Services, Document Technology and Other.
