BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Xerox (XRX) fourth quarter profit surges 79%]]>http://www.bloggingstocks.com/2008/01/24/xerox-xrx-fourth-quarter-profit-surges-79/http://www.bloggingstocks.com/2008/01/24/xerox-xrx-fourth-quarter-profit-surges-79/http://www.bloggingstocks.com/2008/01/24/xerox-xrx-fourth-quarter-profit-surges-79/#commentsFiled under: , , ,

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.

Continue reading Xerox (XRX) fourth quarter profit surges 79%

Xerox (XRX) fourth quarter profit surges 79% originally appeared on BloggingStocks on Thu, 24 Jan 2008 09:33:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>buyback planBuybackPlanearningsinthenewsprinting machinesPrintingMachinesXeroxXRXThu, 24 Jan 2008 09:33:00 EST