Investing.com - Xerox (NASDAQ:XRX) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Xerox announced earnings per share of $0.34 on revenue of $1.78B. Analysts polled by Investing.com anticipated EPS of $0.3051 on revenue of $1.82B.
Xerox shares are down 7% from the beginning of the year and are trading at $20.98 , down-from-52-week-high.They are outperforming the Nasdaq which is down 11.44% from the start of the year.
Xerox follows other major Information Technology sector earnings this month
Xerox's report follows an earnings beat by Taiwan Semiconductor on Thursday, January 13, 2022, who reported EPS of $1.16 on revenue of $15.85B, compared to forecasts EPS of $1.12 on revenue of $15.69B.
ASML ADR had beat expectations on Wednesday, January 19, 2022 with fourth quarter EPS of $4.98 on revenue of $5.66B, compared to forecast for EPS of $4.25 on revenue of $5.85B.
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