Investing.com - Xerox (NYSE:XRX) reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Xerox announced earnings per share of $0.58 on revenue of $1.93B. Analysts polled by Investing.com anticipated EPS of $0.6286 on revenue of $1.9B.
Xerox shares are up 14% from the beginning of the year, still down 46.37% from its 52 week high of $38.69 set on February 12, 2020. They are outperforming the S&P 500 which is up 2.64% from the start of the year.
Xerox follows other major Technology sector earnings this month
Xerox's report follows an earnings beat by Taiwan Semiconductor on January 14, who reported EPS of $0.9851 on revenue of $12.93B, compared to forecasts EPS of $0.9362 on revenue of $12.85B.
Intel had beat expectations on Thursday with fourth quarter EPS of $1.52 on revenue of $19.98B, compared to forecast for EPS of $1.11 on revenue of $17.53B.
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