Xerox quarterly earnings: 21c vs. 22c

Xerox profit falls 12%, sets Q4 restructuring cost - MarketWatch

Xerox Corp. XRX +0.72% said Tuesday its third-quarter profit fell 12% to $282 million, or 21 cents a share, from $320 million, or 22 cents a share, in the year-ago period. The company's adjusted profit in the latest quarter totaled 25 cents a share. Revenue fell 3% to $5.42 billion. Wall Street analysts expected Xerox to earn 25 cents a share on revenue of $5.52 billion, according to a survey by FactSet. Looking ahead, Xerox plans to take a fourth-quarter restructuring charge of $50 million to $100 million, with adjusted earnings of 33 cents to 35 cents a share, compared to the analyst estimate of 34 cents a share

As I noted the other day Tech is getting Hammered. Yesterdays end of the day pump was a hook line and Sinker, hopefully no one bought into it.