Xerox revenue misses Street estimates

Fri Jan 24, 2014 7:19am EST
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Jan 24 (Reuters) - Xerox Corp, best known as a maker of printers and copiers, reported weaker-than-expected quarterly revenue.

Revenue from Xerox's printing business dropped 6 percent to $2.4 billion, while revenue in the company's biggest business, services, remained flat at $3.0 billion.

Net income from continuing operations attributable to Xerox slipped to 25 cents per share in the fourth quarter ended Dec. 31, from 26 cents per share a year earlier.

Excluding items, the company earned 29 cents per share.

Revenue dropped 3.4 percent to $5.57 billion.

Analysts on average had expected earnings of 29 cents per share on revenue of $5.64 billion, according to Thomson Reuters I/B/E/S.