Xerox Corp. (NYSE:XRX) reported Q2 EPS of $0.27, ex-items, ahead of consensus estimates of $0.24 per share. Revenues for the quarter rose 2% year-over-year to $5.60 billion, missing consensus estimates of $5.63 billion.
Ursula Burns, Xerox chairman and chief executive officer said, "During the second quarter, our disciplined focus on scaling our services business and delivering operational improvements helped to increase bottom-line results and generate operating cash, positioning us well to increase our earnings expectations for the full year."
The company sees Q2 EPS of $0.24 to $0.26, vs. consensus estimates of $0.25 per share. For the full-year, Xerox sees EPS of $1.07 to $1.12, vs. consensus estimates of vs. consensus estimates of $1.07 per share.
Xerox has a potential upside of 27.4% based on a current price of $10.3 and an average consensus analyst price target of $13.13.