RTTNews | Oct 27, 2020 07:33AM EDT

07:33 Tuesday, October 27, 2020 (RTTNews.com) - Workplace technology company Xerox Holdings Corp. (XRX) reported Tuesday that net income for the third quarter declined to $90 million or $0.41 per share from $221 million or $0.68 per share in the year-ago quarter.

Excluding items, adjusted earnings for the quarter were $0.48 per share, compared to $0.80 per share last year.

Revenue for the quarter declined 18.9 percent to $1.77 billion from $2.18 billion in the same period last year.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.24 per share on revenues of $1.60 billion for the year. Analysts' estimates typically exclude special items.

Read the original article on RTTNews ( https://www.rttnews.com/3139528/xerox-holdings-q3-profit-declines-but-results-top-estimates-quick-facts.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com All Rights Reserved