Investing.com - Xerox (NASDAQ:XRX) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Xerox announced earnings per share of $0.48 on revenue of $1.76B. Analysts polled by Investing.com anticipated EPS of $0.438 on revenue of $1.81B.
Xerox shares are down 11% from the beginning of the year, still down 23.67% from its 52 week high of $26.95 set on March 12. They are under-performing the S&P 500 which is up 21.58% from the start of the year.
Xerox follows other major Technology sector earnings this month
Xerox's report follows an earnings beat by Facebook on Monday, who reported EPS of $3.22 on revenue of $29.01B, compared to forecasts EPS of $3.19 on revenue of $29.58B.
Taiwan Semiconductor had beat expectations on October 14 with third quarter EPS of $1.07 on revenue of $14.75B, compared to forecast for EPS of $1.04 on revenue of $14.81B.
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