Xerox Corp. reported an increase in its third-quarter profit this morning, beating Street estimates.
The company reported net income attributable to Xerox of $286 million compared with $282 million a year ago. Excluding 4 cents a share related to the amortization of intangibles, earnings per share were 26 cents. Earnings per share for last year’s quarter were 21 cents.
Analysts polled by Thomson Reuters had expected Xerox to report sales of nearly $5.3 billion and earnings per share of 25 cents.
The company expects full-year earnings per share from continuing operations in the range of 93 to 95 cents, and adjusted earnings per share of $1.08 to $1.10