Xerox posts second-quarter profit of $12 million

IndustriesAssociated Press

Xerox Corp. (XRX) on Friday reported second-quarter net income of $12 million.

The Norwalk, Connecticut-based company said it had profit of 1 cent per share. Earnings, adjusted to account for discontinued operations and asset impairment costs, were 22 cents per share.

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The business services provider and copier company posted revenue of $4.59 billion in the period.

For the current quarter ending in September, Xerox expects its per-share earnings to range from 22 cents to 24 cents.

The company expects full-year earnings in the range of 95 cents to $1.01 per share.

Xerox shares have dropped 22 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 2 percent. The stock has decreased 15 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XRX at http://www.zacks.com/ap/XRX

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Keywords: Xerox, Earnings Report