Advertisement
UK markets close in 2 hours 18 minutes

  • FTSE 100

    8,035.78
    +11.91 (+0.15%)
     

  • FTSE 250

    19,697.25
    +97.86 (+0.50%)
     

  • AIM

    753.33
    +4.15 (+0.55%)
     

  • GBP/EUR

    1.1610
    +0.0022 (+0.19%)
     

  • GBP/USD

    1.2387
    +0.0037 (+0.30%)
     

  • Bitcoin GBP

    53,373.14
    -110.26 (-0.21%)
     

  • CMC Crypto 200

    1,420.25
    +5.49 (+0.39%)
     

  • S&P 500

    5,010.60
    +43.37 (+0.87%)
     

  • DOW

    38,239.98
    +253.58 (+0.67%)
     

  • CRUDE OIL

    81.06
    -0.84 (-1.03%)
     

  • GOLD FUTURES

    2,323.60
    -22.80 (-0.97%)
     

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     

  • DAX

    18,061.58
    +200.78 (+1.12%)
     

  • CAC 40

    8,084.87
    +44.51 (+0.55%)
     
Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

Xerox (XRX) Misses Q3 Revenues, Earnings in-Line

Zacks Equity Research
Updated

With operations in more than 180 countries, Xerox Corporation XRX is a leader in the development, manufacture, marketing, servicing and financing of document equipment globally. Headquartered in Norwalk, CT, this century-old firm has helped organizations transform the way they manage their business processes and information.

XRX has beaten earnings estimates thrice in the last four quarters, making for an average positive surprise of 8.77%. However, quite like its peers in the document industry, XRX is increasingly grappling with decreased demand for paper-related systems and products. With rising competition gradually weighing on margins, investors have been eagerly waiting for the company’s latest earnings report.

Currently, XRX has a Zacks Rank #3 (Hold), but that could definitely change following its third-quarter 2016 earnings report which was just released.

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: XRX reported in-line earnings. Our consensus called for EPS of 27 cents per share, and the company reported adjusted EPS of 27 cents per share.

Revenues: Revenues missed. XRX posted revenues of $4,212 million, compared to our consensus estimate of $4,315 million.

XEROX CORP Price and EPS Surprise

 

XEROX CORP Price and EPS Surprise | XEROX CORP Quote

ADVERTISEMENT

Key Stats: Xerox continued its progress toward the planned separation and remains on track to complete it by year end. During the quarter, Services segment revenue was flat, while Document Technology revenue was down 9% from the prior year. The company reaffirms it 2016 guidance.

Stock Price: Shares prices fell in pre-market trading following the earnings release at the time of writing.

Check back later for our full write up on this XRX earnings report later!

Confidential from Zacks

Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand.Click to see them now>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
XEROX CORP (XRX): Free Stock Analysis Report
 
To read this article on Zacks.com click here.