Xerox +3% after upside FY earnings view


Xerox (NYSE:XRX) +3% beats Q4 estimates and guides upside FY20 EPS of $3.60-3.70 versus the $3.51 consensus.

Q4 gross margin was 41.6% versus the 40% last year.

Adjusted operating margin was 16.8% compared to 14.1%.

Xerox expects a FY20 revenue decline of about 4% Y/Y at constant currency.

Earnings call starts at 8 AM with a webcast here.

Press release.





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