Investing.com - Xerox (NASDAQ:XRX) reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Xerox announced earnings per share of $0.19 on revenue of $1.75. Analysts polled by Investing.com anticipated EPS of $0.43 on revenue of $1.77B.
Xerox shares are up 72.04% from the beginning of the year, still down 34.09% from its 52 week high of $24.14 set on January 5.
Xerox follows other major Information Technology sector earnings this month
Xerox's report follows an earnings beat by Taiwan Semiconductor on October 13, who reported EPS of $1.79 on revenue of $20.23B, compared to forecasts EPS of $1.65 on revenue of $19.44B.
ASML ADR had beat expectations on October 19 with third quarter EPS of $4.29 on revenue of $5.78B, compared to forecast for EPS of $3.96 on revenue of $5.68B.
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