Xerox Forced to Cut Quarterly Forecast
Excerpt from the InvestorGuide.com Stock of the Day on 3/20/2009

Xerox announced today that it will be reducing its first quarter earnings forecast by nearly 80%. The copier and printer giant officially adjusted its expected earnings per share from the range of 16-18 cents to 3-5 cents for the first quarter. The firm also acknowledged an 18% decrease in revenue from January to February in 2009. On a positive note, the Xerox Corporation did state that it is focused on eliminating its total debt and is still on pace to accumulate $250 million in savings this year. It seems Xerox, like most companies, is being hit hard by the floundering economy. Even with that in mind, how was Xerox's forecast off by so much? What recent developments have forced Xerox to make such a drastic adjustment to its quarterly forecast? More >

Xerox 1Q Profit Jumps 17%
Excerpt from the InvestorGuide.com Stock of the Day on 4/20/2007

Shares of Stamford, CT-based Xerox jumped 3% in morning trading after the company announced a 17% increase in 1Q profits. Investors, possibly expecting the company to disappoint after a cut in its outlook in late February, were happily surprised by the news. April has been a busy month for the company, what with the $1.5bn purchase of Global Imaging Systems and all, but the rest of 2007 is still an open book. Are we seeing a reemergence of "The Document Company", or is the recent string of expensive acquisitions and the tough search for new customers going to make 2007 a tough sell? More >

Xerox "Makes a Splash" and Beats Earnings Expectations
Excerpt from the InvestorGuide.com Stock of the Day on 10/23/2006

As the third quarter earnings data continues to roll in, Xerox is the latest company to beat expectations and post sizeable gains. The market-leading producer of office printers and related products saw a sharp increase in profit, thanks to color-printer sales and a tax-related gain. So far, the company has led the field by offering compatible solutions for home and office use of such popular consumer items as digital cameras. As desire for the latest digital products will only increase as the holiday season approaches, thus fueling a need for complementary tools and services, will Xerox have the edge to stay ahead of its competition? More >