Xerox Corp. Profit Declines 17% In Q1

(RTTNews) - Xerox Corp. (XRX) announced earnings for first quarter that retreated from last year.

The company said its profit fell to $231 million, or $0.22 per share. This was down from $278 million, or $0.24 per share, in last year's first quarter.

The company said revenue for the quarter fell 4.3% to $4.28 billion. This was down from $4.47 billion last year.

Xerox Corp. earnings at a glance:

-Earnings (Q1): $231 Mln. vs. $278 Mln. last year. -Earnings Decline (Y-o-Y): -16.9% -EPS (Q1): $0.22 vs. $0.24 last year. -EPS Decline (Y-o-Y): -8.3% -Revenue (Q1): $4.28 Bln vs. $4.47 Bln last year. -Revenue Change (Y-o-Y): -4.3%

-Guidance: Next quarter EPS guidance: $0.24 - $0.26 Full year EPS guidance: $1.10 - $1.20