=Xerox (XRX) reported earnings on Fri 28 Oct 2016 (b/o)

Xerox reports EPS in-line, misses on revs; guides Q4 EPS in-line; Conduent spin off on track  :

• Reports Q3 (Sep) earnings of $0.27 per share, in-line with the Capital IQ Consensus of $0.27; revenues fell 2.8% year/year to $4.21 bln vs the $4.31 bln Capital IQ Consensus. 
  • Services rev +1% to $2.4 bln; margin of 9.4 percent, up 1.6 percentage points on an adjusted basis
  • Document Technology rev down 9%; margin of 13.1 percent, down 0.8 percentage points
• Co issues in-line guidance for Q4, sees adj. EPS of $0.32-0.35 vs. $0.34 Capital IQ Consensus Estimate. 
• Conduent's spin off on track to complete by year end: Stock will trade on the New York Stock Exchange (:NYSE) under the symbol "CNDT."