Xerox’s 1st-Quarter Loss Narrows
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From Bloomberg News
Xerox Corp. had a narrower first-quarter loss on increased sales of more profitable color machines.
Xerox’s net loss shrank to $65 million, or 10 cents a share after paying dividends on preferred shares, from $114 million, or 16 cents, in the year-earlier quarter. Revenue fell 2.6% to $3.76 billion, the company said.
Xerox shares rose 79 cents to $9.95 on the NYSE.
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