More on Xerox (XRX -5.3%) Q3: net profit -12% to $282M, hurt by strong dollar, tight government...

|About: Xerox Corporation (XRX)|By:, SA News Editor

More on Xerox (XRX -5.3%) Q3: net profit -12% to $282M, hurt by strong dollar, tight government spending and Europe's economic woes. Revenue from service, outsourcing and rentals +1% to $3.73B, from technology -12% to $1.54B. Again lowers EPS guidance, to $1.07-$1.09 from previous estimate of $1.07-$1.12. Expects Q4 restructuring charge of $50M-$100M, which is excluded from guidance.