Xerox (XRX) cuts guidance again, expecting Q4 EPS of $0.28-$0.30 vs. consensus of $0.32. FY2013...

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

Xerox (XRX) cuts guidance again, expecting Q4 EPS of $0.28-$0.30 vs. consensus of $0.32. FY2013 EPS of $1.09-$1.15 is expected, with flat to +2% revenue growth. The dividend is hiked 35% to an annual $0.23 and the stock repurchase plan is bumped by $1B. CEO Burns says the global economy has weakened further since last month's warning, particularly in the U.S., particularly at the government level. Shares -1.3% premarket. (PR)