Tech
Xerox issues Q3 profit warning
Printer company Xerox Corp. (xrx) warned Monday it expected a third quarter loss instead of a profit,citing much weaker-than-expected sales in North America and Europe andheavy competition in all businesses.
Printer company Xerox Corp. (xrx) warned Monday it expected a third quarter loss instead of a profit, citing much weaker-than-expected sales in North America and Europe and heavy competition in all businesses. After market close Monday, Xerox projected a third quarter loss ranging between 15 and 20 cents per share. First Call's survey of 10 analysts predicted a profit of 12 cents per share for the September quarter. Full story. -- Sergio G. Non, ZDNet Inter@ctive Investor