Tags: Xerox | Earnings | Profit | Printer Sales

Xerox Revenue Falls on Lower Printer Sales

Wednesday, 22 Oct 2014 07:20 AM


Xerox Inc. reported a 2 percent fall in quarterly revenue, hurt by slowing demand in its printing business.

Revenue from the printing business fell 6 percent to $2.02 billion in the third quarter ended Sept. 30, from a year earlier.

Net income attributable to Xerox fell to $266 million from $286 million.

On a per-share basis, earnings remained unchanged at 22 cents, below the average analyst estimate of 26 cents.

Revenue fell to $5.12 billion from $5.24 billion.

Analysts on average had expected revenue of $5.19 billion, according to Thomson Reuters I/B/E/S.

Xerox, which has been diversifying away from its printers and copiers, also forecast adjusted earnings of 30-32 cents per share for the current quarter ending Dec. 31.

Analysts on average were expecting a profit of 31 cents per share.

The company's shares were down about 1 percent at $13.06 in premarket trading.


© 2017 Thomson/Reuters. All rights reserved.

 
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Xerox Inc. reported a 2 percent fall in quarterly revenue, hurt by slowing demand in its printing business. Net income attributable to Xerox fell to $266 million, or 22 cents per share, from $286 million, or 22 cents per share, a year earlier.Revenue fell to $5.12 billion...
Xerox, Earnings, Profit, Printer Sales
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2014-20-22
Wednesday, 22 Oct 2014 07:20 AM
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