Xerox Corporation (NYSE:XRX) is reporting second quarter financial results on Tuesday 28th July 2020, before market open.
According to analysts surveyed by Thomson Reuters, XRX is expected to report 2Q20 loss of $ 0.07 per share from revenue of $ 1481.92 million.
For the full year, analysts anticipate top line of $ 7161.84 million, while looking forward to income of $ 1.21 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 8,703.00 million ~ $ 8,703.00 million, where as bottomline are predicted in a range of $ 3.60 ~ $ 3.70 per share
Click Here For More Historical Outlooks Of Xerox Corporation
Previous Quarter Performance
Xerox Corporation announced income for the first quarter of $ 0.21 per share, from the revenue of $ 1,860.00 million. The quarterly earnings lowered 5.88 percent while revenues compared with the same quarter last year.
The consensus estimates are income of $ 0.36 per share from $ 1,720.00 million in revenue. The bottom line results missed street analysts by $ 0.15 or 41.67 percent, at the same time, top line results outshined analysts by $ 140.00 million or 8.14 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of XRX was $ 15.82, representing a 11.25 % increase from the 52 week low of $ 14.22 and a 59.92 % decrease over the 52 week high of $ 39.47.
The company has a market capital of $ 3.37 billion and is part of the Technology sector and Information Technology Services industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.25 per share on May 21, 2020. The dividend were payable on July 31, 2020 to holders of record as of the close of business on June 30, 2020 and ex-dividend date on June 29, 2020.
Xerox Corporation designs, develops, and sells document management systems and solutions worldwide. It offers intelligent workplace services, including managed print services; digitization services; and digital solutions, such as workflow automation, personalization and communication software, and content management. The company also provides desktop monochrome and color printers, and multifunction printers; copiers, digital printing presses and light production devices, and solutions; graphic communications and commercial printers; inkjet presses; and FreeFlow portfolio of software solutions for the automation and integration of print jobs processing.
