Benzinga | Oct 27, 2020 06:41AM EDT

Xerox Q3 Adj. EPS $0.48 Beats $0.24 Estimate, Sales $1.77B Beat $1.60B Estimate

Xerox (NYSE:XRX) reported quarterly earnings of $0.48 per share which beat the analyst consensus estimate of $0.24 by 100 percent. This is a 55.56 percent decrease over earnings of $1.08 per share from the same period last year. The company reported quarterly sales of $1.77 billion which beat the analyst consensus estimate of $1.60 billion by 10.44 percent. This is a 19.68 percent decrease over sales of $2.20 billion the same period last year.