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Xerox Misses Revenue Estimates, Narrows Outlook

Xerox shares were in focus on Friday after the company missed revenue estimates and narrowed its full-year guidance.

Xerox (XRX) - Get Report shares were in focus on Friday after the company missed revenue estimates and narrowed its full-year guidance. Earnings of $0.27 a share were in-line with Wall Street's forecast. The imaging and business process company said revenue of $4.21 missed analysts' estimates. Xerox also narrowed its profit guidance for the full year as it now expects earnings between $1.11 and $1.14 a share, compared to its prior outlook range of $1.10 and $1.20 a share.

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