Xerox Corp. (XRX) Earnings Rise 2 Percent
Xerox Corp. said Wednesday its net income totaled $266 million in the second quarter, a 2.3 percent increase from a year earlier on strength in revenue from financing and office equipment servicing and supplies.
Earnings for the April-June period worked out to 28 cents a share, up from the year-earlier profits of $260 million, or 26 cents a share.
Revenue for the Stamford-based office equipment manufacturer was $4.2 billion, up 6 percent from $3.98 billion a year earlier.
The results were slightly better than the 27 cents a share profit on $4.2 billion in revenue expected by analysts surveyed by Thomson Financial.
Earnings for the April-June period worked out to 28 cents a share, up from the year-earlier profits of $260 million, or 26 cents a share.
Revenue for the Stamford-based office equipment manufacturer was $4.2 billion, up 6 percent from $3.98 billion a year earlier.
The results were slightly better than the 27 cents a share profit on $4.2 billion in revenue expected by analysts surveyed by Thomson Financial.
Labels: Xerox Corp., XRX
posted by Stock Administrator @ 1:38 PM
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