Xerox Q2 Profit Beats Estimates - Quick Facts

(RTTNews) - Xerox (XRX) reported second-quarter net income to company from continuing operations of $270 million or $0.22 per share, compared to $294 million or $0.23 per share, last year. Total earnings per share was $0.22, compared to $0.21, prior year. Adjusted earnings per share was $0.27 for the quarter.

On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.26 for the quarter. Analysts' estimates typically exclude special items.

Sales were down to $1.36 billion from $1.45 billion, prior year. Total revenues were $5.29 billion, compared to $5.39 billion, a year ago. Analysts expected revenue of $5.31 billion for the quarter.

For the third-quarter 2014, Xerox expects GAAP earnings per share to be $0.21 to $0.23 per share. Third-quarter adjusted EPS is expected to be $0.25 to $0.27. Analysts expect the company to report third-quarter earnings per share of $0.26.

The company expects full-year 2014 GAAP earnings per share of $0.92 to $0.96 and full-year adjusted EPS of $1.09 to $1.13. Analysts expect the company to report full year earnings per share of $1.10.