Xerox's profit falls 12% on the 2nd tri, for $ 271 mi

NEW YORK (AE)-Xerox Corp. reported on Thursday, 25, who had a net income of $ 271 million ($ 0.21 per share) in the second quarter of this year, a drop of 12% in relation to the profit from the same period last year, to $ 309 million (US $ .22 per share). Dropping costs with depreciation and intangible assets, the company had adjusted profit of $ 0.27 per share. Revenue in the period rose 0.6% to $ 5.4 billion.
Heard by the Thomson Reuters analysts had expected revenue of $ 5.5 billion. Around 11:05 () the company's shares rose 0.76 percent on the New York Stock Exchange. Xerox has worked to reshape and turn a company to provide services, such as document management, invoice processing and it outsourcing.
The company's projection, released in April, was for profit between $ 0.23 and $ 0.25 per share, including a loss of $ 0.02 per share due to restructuring costs. Source: Dow Jones Newswires.