6% Rise in Profit for Xerox Q3

Originally published by Business Insider
Xerox Corp. Reveals 6% Rise In Q3 Profit

Xerox Corp. (XRX) reported a profit for its third quarter that rose from last year.

The company said its bottom line came in at $236 million, or $0.89 per share. This was higher than $223 million, or $0.84 per share, in last year’s third quarter.

Analysts had expected the company to earn $0.83 per share, according figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company said revenue for the quarter fell 4.9% to $2.50 billion. This was down from $2.63 billion last year.

Xerox Corp. earnings at a glance:

-Earnings (Q3): $236 Mln. vs. $223 Mln. last year.

-Earnings Growth (Y-o-Y): 5.8%

-EPS (Q3): $0.89 vs. $0.84 last year.

-EPS Growth (Y-o-Y): 6.0%

-Analysts Estimate: $0.83

-Revenue (Q3): $2.50 Bln vs. $2.63 Bln last year.

-Revenue Change (Y-o-Y): -4.9%