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Xerox Corporation (NYSE:XRX) forecasts $0.30 EPS for Q4

Xerox Corporation (NYSE:XRX) has recently forecasted adjusted earnings per share in order to continue their operations of 20 to 30 cents for their fourth quarter. The forecast of the reports contained about 4 cents per share on the restructuring charges and higher pension settlement expenses, as per the reports received from the company officials. Xerox Corporation which expected a better than expected profit sales for their third quarter had kicked off their restructuring program which is only focused towards increasing their business services.

Appraisals received from various analysts

Xerox Corporation received the Leaders Quadrant of the 2013 Magic Quadrant by the Gartner Inc for making available effective Managed Print Services all around the world. In order to further strengthen the offerings of Xerox Corporation, the company planned to blend its technology and document management expertise with the help of their IT outsourcing capabilities and its business process which would help the clients and customers to simplify their work. Moreover, Xerox Corporation also received a long term relationship from the United States of America Navy. Xerox Corporation has received a ten year contract which is worth $94 million for the onboard document needs of its vessels all around the world. Navy would rely on Xerox for training, supplies and even installation of the malfunction printers.

Something about the company

Xerox Corporation is an American multinational company which is engaged in the production and selling of a large variety of color and black and white printers, photo copies, digital production printing presses, multifunction systems and also other related consulting services and supplies. The headquarters of Xerox Corporation is located in Norwalk, Connecticut and has the largest number of employees in the office of Rochester, New York. Xerox Corporation has received a Royal Warrant from the Queen Elizabeth 2 and the Prince of Wales.

Published by Duncan Oleinic

Duncan Oleinic is from New Yourk. After graduating with a degree in physics, he began his career as an analyst in a broking firm. Through this experience he was able to advance to the role of correspondent for a U.S based financial news provider, where he worked from 2001 to 2007. He subsequently joined a merchant banking firm as a financial analyst focused on valuing unlisted companies in the sub-continent. Over the course of his two years here, he performed valuations of several media companies which were later acquired by peers.

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