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Xerox's shares were up nearly 1 percent at $10.43 in premarket
trading on Monday.
Xerox and its rival printer makers Lexmark International Inc
and Hewlett-Packard Co have been hit hard as corporate customers
reduce printing to cut costs and consumers shift to mobile
devices.
Lexmark announced last week that it was exploring strategic
alternatives and had hired Goldman Sachs Inc <GS.N> to advise it
on the process.
"Although we already have taken steps to accelerate cost
reductions and prioritize investments to drive improved
productivity and higher margins, our board determined that
undertaking a comprehensive review of structural options for the
company's portfolio is the right decision at this time," Xerox
Chief Executive Ursula Burns said in a statement.
The company reported a net loss attributable to shareholders of
$34 million, or 4 cents per share, in the third quarter ended
Sept. 30, compared with a profit of $266 million, or 22 cents
per share, a year earlier.
Excluding items, the company earned 24 cents per share.
Revenue fell 9.6 percent to $4.33 billion.
Analysts on average had expected a profit of 23 cents per share
and revenue of $4.54 billion, according to Thomson Reuters
I/B/E/S.
(Reporting by Abhirup Roy in Bengaluru; Editing by Sriraj
Kalluvila and Maju Samuel)
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