Xerox Holdings Q3 Profit Declines, But Results Top Estimates - Quick Facts

(RTTNews) - Workplace technology company Xerox Holdings Corp. (XRX) reported Tuesday that net income for the third quarter declined to $90 million or $0.41 per share from $221 million or $0.68 per share in the year-ago quarter.

Excluding items, adjusted earnings for the quarter were $0.48 per share, compared to $0.80 per share last year.

Revenue for the quarter declined 18.9 percent to $1.77 billion from $2.18 billion in the same period last year.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.24 per share on revenues of $1.60 billion for the year. Analysts' estimates typically exclude special items.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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