Xerox profit beats estimates as services revenue rises

Reuters

Oct 24 (Reuters) - Xerox Corp reported a quarterlyprofit that beat analysts' average estimates due to a 3 percentrise in revenue from its services business, its biggest.

Net income from continuing operations attributable to Xeroxrose to 26 cents per share in the third quarter, from 25 centsper share a year earlier.

Analysts on average had expected earnings of 25 cents pershare, according to Thomson Reuters I/B/E/S.

Revenue was largely flat at $5.26 billion.

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