Investing.com - Xerox (NASDAQ:XRX) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Xerox announced earnings per share of $-0.12 on revenue of $1.67B. Analysts polled by Investing.com anticipated EPS of $0.2934 on revenue of $1.65B.
Xerox shares are up 5% from the beginning of the year, still down 22.25% from its 52 week high of $25.53 set on June 11, 2021. They are outperforming the S&P 500 which is down 6.44% from the start of the year.
Xerox follows other major Information Technology sector earnings this month
Xerox's report follows an earnings beat by Taiwan Semiconductor on April 14, who reported EPS of $1.35 on revenue of $16.94B, compared to forecasts EPS of $1.33 on revenue of $17,430M.
ASML ADR had missed expectations on Wednesday with first quarter EPS of $1.88 on revenue of $3.84B, compared to forecast for EPS of $2.29 on revenue of $4.17B.
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