Benzinga | Jul 28, 2020 06:32AM EDT

Xerox Q2 Adj. EPS $0.15 May Not Compare To $(0.03) Estimate, Sales $1.47B Miss $1.52B Estimate

Xerox (NYSE:XRX) reported quarterly earnings of $0.15 per share which beat the analyst consensus estimate of $(0.03) by 600 percent. This is a 84.85 percent decrease over earnings of $0.99 per share from the same period last year. The company reported quarterly sales of $1.47 billion which missed the analyst consensus estimate of $1.52 billion by 3.29 percent. This is a 35.78 percent decrease over sales of $2.29 billion the same period last year.