Xerox Raises Forecast as It Plans 2,500 More Job Cuts
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Xerox Corp., the printer and business-services provider, raised its 2011 profit forecast and said it plans additional cost cuts, including the elimination of 2,500 jobs.
Per-share profit next year, excluding some costs, will be $1.05 to $1.10, compared with the previous projection of at most $1.05, Norwalk, Connecticut-based Xerox said today in a statement. Analysts had estimated $1.08 on average.