Xerox Corp. (XRX) revealed earnings for third quarter that fell from the same period last year.
The company's profit totaled $89 million, or $0.34 per share. This compares with $179 million, or $0.68 per share, in last year's third quarter.
Excluding items, Xerox Corp. reported adjusted earnings of $222 million or $0.85 per share for the period.
Analysts had expected the company to earn $0.78 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 6.0% to $2.35 billion from $2.50 billion last year.
Xerox Corp. earnings at a glance:
-Earnings (Q3): $222 Mln. vs. $234 Mln. last year.
-EPS (Q3): $0.85 vs. $0.89 last year.
-Analysts Estimate: $0.78
-Revenue (Q3): $2.35 Bln vs. $2.50 Bln last year.
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