Xerox said its first-quarter operating loss per share of 12 cents was a better result than the 19 cents per share loss forecast by Thomson Financial.
This was due mainly to a modest year-over-year revenues gain in the US and successful cost-controls.
The first-quarter loss per share of 12 cents contrasts with year-earlier EPS of 30 cents. Xerox said its first-quarter results do not reflect a one-time special gain of $300 million.
Its first-quarter loss before special items was $86 million, up from $220 million a year earlier.
Total revenues in the first quarter fell to $4.156 billion from $4.504 billion, but US revenues rose modestly, said the company, which did not provide specific figures.
Xerox also said first-quarter revenues in Europe "stabilised".
AFP