With operations in more than 180 countries, Xerox Corporation (XRX) is a leader in the development, manufacture, marketing, servicing and financing of document equipment globally. Headquartered in Norwalk, Connecticut, this century-old firm has helped organizations transform the way they manage their business processes and information.

XRX has beaten earnings estimates consecutively in three of the last four quarters, making for an average surprise of 6.27%. However, quite like its peers in the document industry, XRX is increasingly grappling with decreased demand for paper-related systems and products. With rising competition gradually weighing on margins, investors have been eagerly waiting for the company’s latest earnings report.

Currently, XRX has a Zacks Rank #4 (Sell), but that could definitely change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: XRX Beat on earnings. Our consensus called for EPS of $0.28, and the company reported EPS of $0.31

Revenue: Revenues Beat. XRX posted revenues of $5.033 billion, compared to our consensus estimate of $5.015 billion.

Key Stats to Note: Xerox remains committed to its 5-plank strategy that is centered on portfolio management, operational excellence, global growth, cost transformation, and analytics.

Stock Price: Shares prices remained flat in pre-market trading following the earnings beat at the time of writing.