XEROX 1ST Q. 2006 SALES FALL

  • 536716a_green_sweep_web_banner_902x17712
  • mse-big-banner-new-03-17-2016-416716a-tonernews-web-banner-mse-212
  • 05 02 2016 429716a-cig-clearchoice-banner-902x177
  • ink-direct-banner-902-x-177-v-1-2-big-banner-03-23-2017
  • 4toner4
  • futor_902x177v7-tonernew
  • cartridgewebsite-com-big-banner-02-09-07-2016
  • 161213_banner_futorag_902x177px
  • banner-01-26-17b
  • 2toner1-2
  • Print
Share

XEROX 1ST Q. 2006 SALES FALL

 user 2006-04-25 at 10:40:00 am Views: 64
  • #15223

    Xerox hit as sales fall, net’s flat
    Xerox 1Q profits deline
    April 
    2006 NEW YORK, April 06 – Copiers, printers and other imaging equipment
    maker Xerox  announced a decline in its profits for the first quarter
    on rising costs and weak equipment sales.
    The Stamford,
    Connecticut-based company reported its net income, before payment of
    preferred dividends, at $200 million for the three months ended March
    31. Including the dividend payment, Xerox’s net income declined to $186
    million or 20¢, down from $196 million or 20¢ a share in the year-ago
    period. Earnings per share remained flat due to a decline in the number
    of shares outstanding. The company’s revenues fell 2% to $3.695
    billion, from $3.771 billion in the same quarter a year ago. Xerox has
    projected its second-quarter earnings at 22¢-24¢ per share, in-line
    with the average expectations of the Wall Street analysts.