Investing.com - Xerox (NYSE:XRX) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Xerox announced earnings per share of $0.15 on revenue of $1.47B. Analysts polled by Investing.com anticipated EPS of $-0.03 on revenue of $1.54B.
Xerox shares are down 57% from the beginning of the year , still down 59.92% from its 52 week high of $39.47 set on November 19, 2019. They are under-performing the S&P 500 which is up 0.27% from the start of the year.
Xerox follows other major Technology sector earnings this month
Xerox's report follows an earnings beat by Microsoft on July 22, who reported EPS of $1.46 on revenue of $38.03B, compared to forecasts EPS of $1.34 on revenue of $36.54B.
Taiwan Semiconductor had beat expectations on July 15 with second quarter EPS of $0.79 on revenue of $10.55B, compared to forecast for EPS of $0.72 on revenue of $10.38B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar