IKON’S QUARTERLY NET RISES

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IKON’S QUARTERLY NET RISES

 user 2006-02-02 at 11:37:00 am Views: 46
  • #14076

    Ikon Office Solutions quarterly net rises
    NEW
    YORK, FEB 06 – Business equipment and services company Ikon Office
    Solutions Inc. on Thursday posted higher quarterly profit driven by
    copier and printer sales.
    Fiscal first-quarter earnings for the
    company, which sells and leases office equipment such as copiers and
    printers from manufacturers such as Canon Inc.  and Ricoh Co. Ltd. ,
    was $27.6 million, or 21 cents a share, compared with $19.7 million, or
    14 cents per share, a year earlier.
    Excluding one-time items, the profit was 18 cents a share.
    Analysts had forecast a profit of 17 cents a share, according to Reuters Estimates.
    Total revenue fell 4 percent to $1.04 billion in the period ending in December, compared to $1.09 billion one year ago
    .