"We delivered solid activity gains, grew color revenue and signed big deals for Xerox's document management services, all of which contribute to steady annuity growth"
Xerox profit jumped by nearly 17 percent in the first quarter of the year, to $233 million, with a lower than expected restructuring charge for Fuji Xerox Co., the office equipment manufacturer announced Friday.
The company's shares rose 47 cents, or 2.6 percent, to $18.55 in morning trading on the New York Stock Exchange.
Per-share earnings were 24 cents, up from 20 cents in the first quarter of 2006. Analysts polled by Thomson Financial were predicting profit of 20 cents per share.
Revenue was up by 4 percent, to $3.8 billion. Read more
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Xerox profit jumped by nearly 17 percent in the first quarter of the year, to $233 million, with a lower than expected restructuring charge for Fuji Xerox Co., the office equipment manufacturer announced Friday.
The company's shares rose 47 cents, or 2.6 percent, to $18.55 in morning trading on the New York Stock Exchange.
Per-share earnings were 24 cents, up from 20 cents in the first quarter of 2006. Analysts polled by Thomson Financial were predicting profit of 20 cents per share.
Revenue was up by 4 percent, to $3.8 billion. Read more
More...