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.