Xerox Corp. said that its third-quarter results will show an after-tax charge of $240 million, or 22 cents per share, related to its health enterprise medicaid platform implementations. The charge is due to discussions Xerox had with clients in California and Montana regarding the status and scope of health enterprise platform projects, according to a news release. Xerox does not believe it is probable that it will fully complete the implementation of the platform in these states, but expects to continue processing Medicaid claims using existing legacy systems. Xerox is set to report third-quarter earnings on Monday, Oct. 26. Analyst tracked by FactSet expect the company to report per-share earnings of 23 cents, and revenue of $4.55 billion. Shares of Xerox are down 24.5% in the year to date, while the S&P is down 2%.
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