Xerox Corp. will report its first-quarter earnings before markets open Monday. Analysts expect the company, which announced earlier this year that it was splitting into two public companies, to report earnings of $0.23 per share on revenue of $4.24 billion in the three-month period ending March 31.
In the same quarter last year, Xerox reported earnings of $0.21 per share on revenue of $4.47 billion.
Slowing demand in its printing business, coupled with a strong dollar that has hurt overseas operations and investments, are expected to have impacted Xerox’s revenue and profit in the quarter.
In January, the company, after carrying out an “extensive structural review,” announced that it would split into a $11 billion document technology company and $7 billion business Process Outsourcing company. The split is expected to complete by the end of this year.
“It has become increasingly clear that the document technology and BPO businesses serve distinct client needs, have different growth drivers, and require customized operating models and capital structures. Thus, the separation of the two businesses will enhance their competitive positions and create significant value creation opportunities,” the company said in a statement released January.
On Friday, Xerox’s shares in New York closed flat. So far this year, the company’s shares have risen 4.1 percent, outperforming the broader market index.