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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.
Revenue fell to $5.12 billion from $5.24 billion.
Analysts on average had expected revenue of $5.19 billion,
according to Thomson Reuters I/B/E/S.
Xerox, which has been diversifying away from its printers and
copiers, also forecast adjusted earnings of 30-32 cents per
share for the current quarter ending Dec. 31.
Analysts on average were expecting a profit of 31 cents per
share.
The company's shares were down about 1 percent at $13.06 in
premarket trading.
(Reporting By Sai Sachin R and Supantha Mukherjee in Bangalore;
Editing by Maju Samuel)
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