Xerox reported a slightly better-than-expected quarterly profit as expenses declined 4 percent.» Read More
Jan 30- Xerox Corp, best known as a maker of printers and copiers, reported a 3.5 percent fall in quarterly revenue as printer sales declined. Net income attributable to Xerox fell to $156 million, or 13 cents per share, for the fourth quarter ended Dec. 31 from $306 million, or 24 cents per share, a year earlier. Revenue fell to $5.03 billion from $5.21 billion.
Canon reported a slight rise in profit thanks to a weak yen, even as its camera business struggled to attract photographers.
Japan's Canon reported a slight rise in profit thanks to a weaker yen, even as its camera business struggled to attract photographers.
TOKYO, Jan 28- Japan's Canon Inc reported a slight increase in fourth-quarter profit, with a weaker yen and rising sales of office equipment countering difficulties faced by its camera division. Operating profit for the three months to Dec. 31 rose 5.4 percent year on year to 98.5 billion yen, the company said on Wednesday. That was slightly less than analysts'...
TOKYO, Jan 28- Japan's Canon Inc reported a slight rise in fourth-quarter profit thanks to a weaker yen and solid office equipment sales even as its camera business struggled to attract photographers increasingly using compact models made by rivals. Canon said on Wednesday its operating profit for October-December rose to 98.5 billion yen from 93.5 billion...
Dec 11- Activist investor Starboard Value wants to merge office-supply chains Staples Inc and Office Depot Inc, CNBC reported, citing people familiar with the matter. Starboard, known for its aggressive shareholder activism, disclosed a 5.1 percent stake in Staples and boosted its holdings in Office Depot to nearly 10 percent, regulatory filings showed on...
Tim Bajarin, President at Creative Strategies, says the tech giant is is facing very strong competition in servers.
Nov 5- 3 D printer maker Stratasys Ltd cut its profit forecast for 2014, citing its recent acquisition of computer-aided design systems developer GrabCAD and ongoing development costs. Stratasys's shares were down 7.7 percent in premarket trading on Wednesday as investors shrugged off the company's better-than-expected third-quarter revenue and...
Nov 5- 3 D printer maker Stratasys Ltd reported a 62 percent jump in quarterly revenue, helped by strong demand for its MakerBot-branded consumer products and services. However, the net loss attributable to the company widened to $31.3 million, or 62 cents per share, in the third quarter ended Sept. 30, from $6.6 million, or 16 cents per share, a year earlier.
Oct 22- Xerox Corp reported a 2 percent fall in third-quarter revenue due to tepid growth in its services business and slowing demand in the printing business. Xerox, best known as a maker of printers and copiers, has been focusing on services to offset a drop in printing by companies and as personal computing moves to tablets and smartphones.
Oct 22- Xerox Inc reported a 2 percent fall in quarterly revenue, hurt by slowing demand in its printing business. Net income attributable to Xerox fell to $266 million from $286 million. 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.
Aug 7- Stratasys Ltd reported better-than-expected quarterly results and raised its profit and revenue forecast for the year, driven by strong demand for its 3 D printers. Stratasys, which traditionally sold industrial printers worth $15,000- $750,000, bought MakerBot last year to offer printers starting at just over $1000.
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