Shares of Xerox (XRX) are soaring today, and set a new 52 week high today after posting better than expected first quarter numbers.
Going into this mornings earnings report, analysts were forecasting $0.15 per share, verses $0.05 during the same period last year.
Actual earnings came in well above estimates, at $0.18 per share excluding special items.
Revenues were up by 33% during the quarter to $4.7 billion. Analysts had forecast revenues of $4.79 billion.
Looking ahead Xerox stated that it expects to earn 20 to 22 cents for its second quarter, above Wall Street estimates of $0.18.
The stock is trading up 10.2% today to $11.52, up $1.07.
Popularity: 1% [?]
Keep up with all stock market updates with our RSS Email Feed.
