Yields on longer-dated U.S. Treasurys sank after a key reading on the U.S. economy showed growth slowed more than expected in the fourth-quarter.» Read More
Jan 30- Xerox Corp, which has been shifting its focus to IT services from making printers and copiers, cut its profit forecast for 2015 for the second time after reporting its sixth-consecutive drop in quarterly revenue. The forecast cut reflected a 5 cent per share impact from currency rate fluctuations, specifically the weakening of the euro, said Xerox, which...
Jan 30- Xerox Corp, best known for its printers and copiers, reported a slightly better-than-expected quarterly profit as expenses declined 4 percent. Restructuring and better productivity led to higher margins, Xerox said on Friday. Xerox said last month it was selling its information technology outsourcing arm to French IT services firm Atos SE for $1.05...
NORWALK, Conn. _ Xerox Corp. on Friday reported fourth-quarter profit of $156 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share. For the current quarter ending in March, Xerox expects its per-share earnings to range from 20 cents to 22 cents.
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.
European shares closed mixed on Friday, with Italian banking stocks and the health care sector weighing on wider benchmarks.
Companies making headlines before the bell Friday.
*Asia shares buoyed as Wall St surges for second day. LONDON, Dec 19- World markets are ending their last full week of 2014 on a high, as Wall Street made its biggest two-day advance since late 2011 and European shares headed for their strongest week of the year. French IT services company Atos SE Xerox Corp's outsourcing arm.
Xerox has agreed to sell its IT outsourcing unit to Atos for $1.05 billion. Michel-Alain Proch, CFO of Atos, describes it as a "new strategy collaboration."
PARIS, Dec 19- European stocks climbed early on Friday, with French information technology services firm Atos SE leading a rally in tech stocks after unveiling a deal to buy Xerox Corp's IT outsourcing arm. Shares in Atos rose 6 percent, leading gains in the STOXX Europe 600 Technology sector, which was up 1.1 percent at 0814 GMT. Air France-KLM bucked the trend,...
*Xerox to sell information technology outsourcing business to Atos for $1.05 billion. *Xerox says deal with Atos also includes additional consideration of $50 million; deal expected to close in the first half of 2015. *Xerox says now expects full-year 2014 gaap earnings per share from continuing operations of $0.87- $0.89.
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Xerox CEO Ursula Burns says the US economy is 'stuck.' The way she describes it: "One step forward, a half step back."
Some of Tuesday's midday movers:
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.
Some of the names on the move ahead of the open.
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.
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, or 22 cents per share, from $286 million, or 22 cents per share, a year earlier. Revenue fell to $5.12 billion from $5.24 billion a year earlier.
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DETROIT, Sept 5- A group of companies, including several large automakers, have joined a public-private research initiative to lay the groundwork for a system that wirelessly connects vehicles and helps smooth the flow of traffic, the University on Michigan said on Friday.