Xerox Q2 Profit Tops Consensus - Quick Facts

(RTTNews) - Document technology and business process services provider Xerox Corp. (XRX) posted lower second-quarter net income attributable to the company of $271 million, or $0.21 a share, compared with the year-ago quarter's $309 million, or $0.22 a share.

On an adjusted basis, quarterly net income from continuing operations attributable to Xerox was $345 million, or $0.27 a share, excluding $0.04 related to the amortization of intangibles. On average, 10 analysts polled by Thomson Reuters expected earnings per share of $0.24 for the quarter. Analysts' estimates typically exclude one-time items.

Total revenues edged up 1% to $5.4 billion, from $5.37 billion reported a year before. Analysts estimated revenues of $5.50 billion for the quarter.