=Xerox (XRX) reported earnings on Thur 26 Oct 2017 (b/o)

Xerox beats by $0.07, reports revs in-line; guides FY17 EPS in-line 

• Reports Q3 (Sep) earnings of $0.89 per share, excluding non-recurring items, $0.07 better thanthe Capital IQ Consensus of $0.82; revenues fell 5.0% year/year to $2.5 bln vs the $2.49 bln Capital IQ Consensus.
• Co issues in-line guidance for FY17, sees EPS of $3.28-3.44 (Prior $3.20-3.44), excluding non-recurring items, vs. $3.35 Capital IQ Consensus Estimate.
• Xerox revised its operating cash flow from continuing operations guidance to reflect incremental pension contributions, the elimination of certain accounts receivable (A/R) sales programs and higher operational cash flow. The company expects to end the year with more than $1.0 billion of cash on its balance sheet.