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The market looks to be poised for a positive opening this morning, continuing yesterday afternoon's rally, and so does Xerox Corp. (NYSE: XRX). The company's shares have traded up over 6% following a strong increase in its quarterly earnings. Xerox, the leading provider of digital printers and document management services, reported this morning that its fourth quarter profit jumped 79%, helped by strong sales of high-end printing machines and services.
The office equipment maker posted a quarterly net income of $382 million, or 41 cents per share. The strong numbers were driven by solid gains from higher-margin color systems sales. Xerox earnings figures show an improved performance compared with last year's, when the company reported a profit of $214 million, or 22 cents a share. Analysts expected Xerox to show earnings of 40 cents a share in the quarter.
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