Xerox Q2 Profit Matches Estimates - Quick Facts

(RTTNews) - Xerox (XRX) reported second-quarter net income from continuing operations to company of $107 million or $0.09 per share, compared to $255 million or $0.21 per share, a year ago. Adjusted earnings per share was $0.22, for the quarter.

On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.22 for the quarter. Analysts' estimates typically exclude special items.

Total revenue of $4.59 billion was down 7 percent or 3 percent in constant currency. Analysts expected revenue of $4.64 billion for the quarter.

Xerox expects third-quarter 2015 GAAP earnings of $0.17 to $0.19 per share. Third-quarter adjusted EPS is expected to be $0.22 to $0.24 per share. Analysts expect the company to report earnings per share of $0.25.

For full-year 2015, Xerox expects GAAP earnings of $0.69 to $0.75 per share and adjusted EPS at the lower end of the $0.95 to $1.01 per share range. Analysts expect the company to report earnings per share of $0.98.

The company said it is adjusting 2015 capital allocation plans, increasing share repurchases by $300 million to $1.3 billion and reducing acquisition investments.