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Xerox Corp Issues Q2 2013 EPS Guidance Below Analysts' Estimates; Reaffirms FY 2013 EPS Guidance


Tuesday, 23 Apr 2013 07:00am EDT 

Xerox Corp announced that for second quarter of 2013, it expects GAAP earnings of $0.19 to $0.21 per share and adjusted earnings per share (EPS) of $0.23 to $0.25 per share. The company plans a higher level of restructuring activities in the second quarter, and has included $0.02 of restructuring in its guidance. Expected first-half results will keep Xerox on track to meet its fiscal 2013 guidance for GAAP earnings per share in the range of $0.94 to $1.00 and adjusted EPS of $1.09 to $1.15. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.26 for second quarter of 2013 and EPS of $1.12 for fiscal 2013. 

Company Quote

13.08
-0.15 -1.13%
4:02pm EDT