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Xerox (XRX) Q1 Earnings Surpass Estimates, Revenues Lag
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Xerox Corporation (XRX - Free Report) reported first-quarter 2019 earnings per share of $91 cents (on an adjusted basis) which beat the Zacks Consensus Estimate by 6 cents. Earnings increased by 23 cents year over year.
How Was the Estimate Revision Trend?
Investors should note that the Zacks Consensus Estimate for Xerox’s first-quarter 2019 earnings remained unchanged over the last 30 days.
The company has a disappointing earnings history having lagged the Zacks Consensus Estimate in three of the last four quarters, the average miss being 1.8%.
Revenues Lower Than Expected
Xerox recorded total revenues of $2,206 million which lagged the Zacks Consensus Estimate of $2,321 million. Also, revenues compared unfavorably with the year-ago figure of $2,435 million.
Key Stats to Note: Operating cash flow of $226 million increased $10 million year over year. Free cash flow of $211 million increased $13 million year over year.
Check back later for our full write up on this Xerox earnings report later!
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Xerox (XRX) Q1 Earnings Surpass Estimates, Revenues Lag
Xerox Corporation (XRX - Free Report) reported first-quarter 2019 earnings per share of $91 cents (on an adjusted basis) which beat the Zacks Consensus Estimate by 6 cents. Earnings increased by 23 cents year over year.
How Was the Estimate Revision Trend?
Investors should note that the Zacks Consensus Estimate for Xerox’s first-quarter 2019 earnings remained unchanged over the last 30 days.
The company has a disappointing earnings history having lagged the Zacks Consensus Estimate in three of the last four quarters, the average miss being 1.8%.
Revenues Lower Than Expected
Xerox recorded total revenues of $2,206 million which lagged the Zacks Consensus Estimate of $2,321 million. Also, revenues compared unfavorably with the year-ago figure of $2,435 million.
Xerox Corporation Price
Xerox Corporation Price | Xerox Corporation Quote
Key Stats to Note: Operating cash flow of $226 million increased $10 million year over year. Free cash flow of $211 million increased $13 million year over year.
Zacks Rank: Currently, Xerox has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this Xerox earnings report later!
Radical New Technology Creates $12.3 Trillion Opportunity
Imagine buying Microsoft stock in the early days of personal computers… or Motorola after it released the world’s first cell phone. These technologies changed our lives and created massive profits for investors.
Today, we’re on the brink of the next quantum leap in technology. 7 innovative companies are leading this “4th Industrial Revolution” - and early investors stand to earn the biggest profits.
See the 7 breakthrough stocks now>>