- Xerox (NYSE:NASDAQ:XRX) reports Services revenue declined 3.5% to $2.532B in Q3.
- Document technology revenue of -12.4% to $1.778B.
- Equipment sales fell 11% to $668M.
- Annuity revenue decreased 7% to $3.781B.
- Gross margin rate dropped 130 bps to 30.9%.
- SG&A ratio grew 40 bps to 19.2%.
- Operating margin rate down 90 bps to 8.7%.
- Q4 Guidance: Diluted EPS: $0.23 to $0.25; Adjusted EPS: $0.28 to $0.30.
- FY2015 Guidance: Diluted EPS: $0.46 to $0.52; Adjusted EPS: $0.95 to $1.01; Cash flow from operations: $1.6B to $1.7B; Free cash flow: $1.3B to $1.4B; Capex: $0.3B.
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Symbol | Last Price | % Chg |
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XRX | - | - |
Xerox Holdings Corporation |