Xerox Lowers EPS Forecast for Fiscal Year

REUTERS/Xerox/Handout

In a regulatory document filed with the United States Securities and Exchange Commission (SEC), Xerox disclosed today that it’s revising its fiscal-year 2019 forecast.

The changes are said to reflect transactions related to the restructuring of  Xerox’s relationship with Fujfilm Holding. Last month, Xerox sold its 25-stake in Fuji Xerox to Fujifilm, ending a decades-long joint Xerox-Fujifilm partnership in Fuji Xerox.

Xerox had previously forecast earnings per share (EPS) of $4.00-$4.10 , but is now forecasting EPS of $3.30-$3.40. The change is said to reflect the sale of Xerox’s stake in Fuji Xerox to Fujifilm.

Xerox had also previously forecast fiscal-year 2019 revenue to be down about 6 percent, and is now forecasting it to be down 5 percent.

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