Xerox Releases First-Quarter Results
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Xerox Corp. (XRX) Misses Q1 EPS by 17c, Revenues Beat; Withdraws FY20 Revenue, EPS, Operating Margin Guidance
April 28, 2020 6:32 AM UTCXerox Corp. (NYSE: XRX) reported Q1 EPS of $0.21, $0.17 worse than the analyst estimate of $0.38. Revenue for the quarter came in at $1.86 billion versus the consensus estimate of $1.72 billion.
Financial Results
$173 million of operating cash flow from continuing operations, down $49 million year-over-year, and $150 million of free cash flow, down $57 million year-over-yearAdjusted operating margin of 4.7 percent, down 630 basis... More