Plus   Neg

Xerox Raises 2019 Profit View

Xerox Corp. (XRX) said that it raised its fiscal year 2019 earnings per share guidance to a range of $2.90 - $3.05 from the prior range of $2.60 to $2.70 per share.

It also increased its annual adjusted earnings per share outlook to a range of $3.80 - $3.95 from the prior estimation of $3.70 - $3.80 per share. Analysts polled by Thomson Reuters expect the company to report earnings of $3.76 per share for fiscal year 2019. Analysts' estimates typically exclude special items.

The company said that it is on track to drive gross savings in 2019 of at least $640 million under Project Own It, the company's enterprise-wide transformation initiative to create a simpler, more effective organization.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Whole Foods Market stores have recalled Decorated Red Apple Cookies as they may contain undeclared egg. People who have an allergy or severe sensitivity to these allergens run the risk of serious or life-threatening allergic reaction if they consume these products. The cookies were sold by the... Norwex has announced voluntary recall of about 58,000 rubber brooms due to laceration hazard. According to the company, handles of the recalled brooms can break in half, exposing a metal inner rim, posing a laceration hazard to the user. The recall involves extendable indoor/outdoor white rubber... Amazon.com Inc. has expanded its AmazonFresh grocery delivery service to three new cities. Beginning today, Amazon Prime members in Houston, Minneapolis and Phoenix can shop thousands of products, ranging from meat and seafood to fresh produce and everyday essentials. The groceries will be delivered to their homes in two hours or less, with options for one-hour and two-hour delivery.
Follow RTT