Xerox Earnings Beat Estimates on Technology-Services Gain
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Xerox Corp., the provider of printers and business services, reported first-quarter earnings that exceeded analysts’ estimates after companies and governments farmed out more tasks to cut costs.
Earnings excluding some items were little changed at 23 cents a share, Norwalk, Connecticut-based Xerox said today in a statement. Analysts predicted 22 cents, the average of estimates compiled by Bloomberg. Net income declined 4.3 percent to $269 million, or 19 cents a share, from $281 million, or 19 cents.