Xerox Corp. Reveals 18% Advance In Q2 Profit

(RTTNews) - Xerox Corp. (XRX) reported a profit for its second quarter that advanced from last year.

The company said its bottom line rose to $311 million, or $0.30 per share. This was higher than $264 million, or $0.23 per share, in last year's second quarter.

Analysts had expected the company to earn $0.25 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.4% to $4.39 billion. This was down from $4.59 billion last year.

Xerox Corp. earnings at a glance:

-Earnings (Q2): $311 Mln. vs. $264 Mln. last year. -Earnings Growth (Y-o-Y): 17.8% -EPS (Q2): $0.30 vs. $0.23 last year. -EPS Growth (Y-o-Y): 30.4% -Analysts Estimate: $0.25 -Revenue (Q2): $4.39 Bln vs. $4.59 Bln last year. -Revenue Change (Y-o-Y): -4.4%

-Guidance: Next quarter EPS guidance: $0.26 - $0.28 Full year EPS guidance: $1.10 - $1.20