Workplace technology company Xerox Holdings Corp. (XRX) reported that its third-quarter net income attributable to the company was $90 million or $0.48 per share compared to $90 million or $0.41 per share in the same quarter last year.
Adjusted net income was $90 million or $0.48 per share compared to $105 million or $0.48 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.44 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter were $1.76 billion compared to $1.77 billion in the prior year. Analysts expected revenues of $1.81 billion for the quarter.
The company reduced its fiscal year 2021 revenue guidance to approximately $7.1 billion in actual currency or $7.0 billion in constant currency. Analysts expect annual revenue of $7.26 billion.
The company reaffirmed annual free cash flow guidance of at least $500 million.
The company completed expected $500 million of buybacks for 2021. The company's board approves an additional $500 million share repurchase program to be used opportunistically.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.