Investing.com - Xerox (NYSE:XRX) reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Xerox announced earnings per share of $0.22 on revenue of $1.71B. Analysts polled by Investing.com anticipated EPS of $0.2902 on revenue of $1.59B.
Xerox shares are up 9% from the beginning of the year and are trading at $25.32 , down-from-52-week-high.They are under-performing the S&P 500 which is up 10.84% from the start of the year.
Xerox follows other major Technology sector earnings this month
Xerox's report follows an earnings beat by Taiwan Semiconductor on Thursday, who reported EPS of $0.9497 on revenue of $12.77B, compared to forecasts EPS of $0.9247 on revenue of $12.78B.
Adobe had beat expectations on Tuesday, March 23, 2021 with first quarter EPS of $3.14 on revenue of $3.91B, compared to forecast for EPS of $2.79 on revenue of $3.75B.
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