Xerox revenue falls on lower printer sales
October 23, 2014 00:00:00
WASHINGTON, Oct 22 (Reuters) : Xerox Inc reported a 2 percent fall in quarterly revenue, hurt by slowing demand in its printing business.
Revenue from the printing business fell 6 percent to $2.02 billion in the third quarter ended Sept. 30, from a year earlier. Net income attributable to Xerox fell to $266 million from $286 million.
On a per-share basis, earnings remained unchanged at 22 cents, below the average analyst estimate of 26 cents.
