UPDATE: Xerox Corp. (XRX) Tops Q4 EPS by 10c, Revenues Miss; Offers FY19 EPS Guidance Above Consensus, Authorizes Additional $1B Share Buyback
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Xerox Exceeds Cash Flow Guidance, Grows EPS and Announces 2019 Guidance that Includes Further EPS Expansion
January 29, 2019 6:30 AM ESTFourth Quarter and Full Year 2018 Highlights:
Operating cash flow of $415 million in the quarter increases $564 million year-over-year, or $83 million year-over-year on an adjusted basis. Operating cash flow of $1.14 billion for the full year exceeds guidance and increases $1.32 billion year-over-year, or $168 million year-over-year on an adjusted basis. GAAP EPS from continuing operations of $0.56 in the quarter, an increase of $1.34 year-over-year; prior year included a $400 million charge associated with the enactment of U.S. tax reform. Adjusted EPS of $1.14 in the quarter, an increase of $0.11 year-over-year.... More