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Xerox(XRX Quote) on Friday reported third-quarter results that beat Wall Street's forecasts for revenue and profit.
The Stamford, Conn.-based copier and business-device maker's shares edged lower in early trading, however, as the company guided to the low end of analysts' expectations for the fourth quarter.
Xerox saw third-quarter total revenue grow 12% to $4.30 billion, vs. $3.84 billion in the year-ago period. The company said the increase was fueled by an 11% increase in post-sale revenue derived from servicing and supplying Xerox systems and strong sales of digital color printers, which accounted for 39% of total revenue, an increase of 3% from the third quarter of 2006. ...
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