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Xerox Corporation
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Xerox 2Q profit declines 19 pct, but meets views
Xerox Corp.'s second-quarter profit skidded 19 percent, but matched Wall Street's forecast, as the office-equipment maker was hurt by restructuring charges while its cash-cow supplies and services business hummed along smoothly.
Summary Box: Xerox 2Q profit falls 19 pct
THE EARNINGS: Xerox Corp.'s second-quarter profit fell 19 percent, but matched Wall Street's forecast, as restructuring charges weighed on the office-equipment maker. The Norwalk, Conn.-based company's cash-cow supplies and services business hummed along smoothly. Sales of $4.53 billion, an 8 percent improvement, also were in line with analyst expectations. |
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