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Xerox Q3 revenue seen flattish
NEW YORK–Xerox Corp Next week is expected to report an increase in third-quarter earnings per share, but analysts don't think it will unveil the revenue gain it has long sought.
A group of analysts polled by Thomson First Call established a consensus estimate of 14 cents per share for Stamford-based Xerox, which earned 11 cents per share in the year-earlier quarter.
But the First Call analysts expect quarterly revenue of $3.719 billion, which would be down from the $3.73 billion the company reported for the 2003 quarter.
Xerox, which reports next Thursday, in recent years repositioned itself with customized consulting services, software and office hardware, but has had trouble boosting revenue.
Lehman Brothers imaging technology analyst Caroline Sabbagha said, "Given that we are not expecting a meaningful improvement in either revenues or margins in the quarter, we think that this earnings release will not have a significant impact on the stock."
* Post was edited: 2004-10-18 10:06:00
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