Investing.com - Xerox (NYSE:XRX) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Xerox announced earnings per share of $0.47 on revenue of $1.79B. Analysts polled by Investing.com anticipated EPS of $0.3963 on revenue of $1.77B.
Xerox shares are up 1% from the beginning of the year, still down 12.36% from its 52 week high of $26.95 set on March 12. They are under-performing the S&P 500 which is up 17.74% from the start of the year.
Xerox follows other major Information Technology sector earnings this month
Xerox's report follows an earnings matched by ASML ADR on July 21, who reported EPS of $2.97 on revenue of $4.74B, compared to forecasts EPS of $2.97 on revenue of $4.87B.
Intel had beat expectations on Thursday with second quarter EPS of $1.28 on revenue of $18.53B, compared to forecast for EPS of $1.07 on revenue of $17.81B.
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