Xerox Posts First-Period Profit On Digital Printer, Copier Sales

The company reported that its first-quarter profit margin declined to 39.8%, which Xerox said reflected an increased proportion of sales of lower-priced products. The company posted a profit margin of 41.9% a year earlier; analysts had expected about 41.8% for the latest period. "With about 55%...

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Bibliographic Details
Published inThe Wall Street journal. Eastern edition
Main Author Donna Fuscaldo and Sue Goff
Format Newspaper Article
LanguageEnglish
Published New York, N.Y Dow Jones & Company Inc 26.04.2004
EditionEastern edition
Subjects
Corporate profits
Net losses
Product lines
Profit margins
Sales
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Summary:The company reported that its first-quarter profit margin declined to 39.8%, which Xerox said reflected an increased proportion of sales of lower-priced products. The company posted a profit margin of 41.9% a year earlier; analysts had expected about 41.8% for the latest period. "With about 55% of all equipment sales in the quarter generated from products launched in the past two years, it is clear that Xerox's investment strategy is winning in the marketplace," Ms. [Anne Mulcahy] said. Journal Link: WSJ.com subscribers can listen to a conference call on Xerox's quarterly results, at WSJ.com/JournalLinks.
ISSN:0099-9660