Xerox Corp. (XRX) Tops Q2 EPS by 22c

Xerox Corp. (NYSE: XRX) reported Q2 EPS of $0.15, $0.22 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $1.47 billion versus the consensus estimate of $1.48 billion.

“I am proud of our employees who did what was necessary during this unprecedented disruption to support our business and clients, especially those delivering essential services. While the bulk of our markets were fully or partially shut down during the quarter, our team’s financial discipline enabled us to deliver positive earnings per share and cash flow while continuing to invest in key areas of growth,” said Xerox Vice Chairman and CEO John Visentin. “No one can control or accurately predict what happens next. We have modeled numerous scenarios to ensure we have flexibility no matter how the pandemic continues to impact global business.”

For earnings history and earnings-related data on Xerox Corp. (XRX) click here.

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