Thursday, July 25, 2013

Reuters: Technology News: Xerox profit beats estimates on restructuring

Reuters: Technology News
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Xerox profit beats estimates on restructuring
Jul 25th 2013, 11:45

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Analysis & Opinion

A Xerox company logo is pictured in this undated handout image obtained by Reuters November 16, 2012. REUTERS/Xerox/Handout.

A Xerox company logo is pictured in this undated handout image obtained by Reuters November 16, 2012.

Credit: Reuters/Xerox/Handout.

Thu Jul 25, 2013 7:15am EDT

(Reuters) - Xerox Corp (XRX.N) reported better-than-expected second-quarter earnings on Thursday as it continued restructuring.

Adjusted earnings were 27 cents per share, compared with 26 cents last year. The average analyst estimate was for 24 cents per share, according to Thomson Reuters I/B/E/S.

Revenue was up 1 percent at $5.4 billion.

(Reporting by Nicola Leske; Editing by Jeffrey Benkoe)

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