The world leader in printing technology and document management Xerox reported a profit decline in the third quarter of 2017 to $ 179 million or $ 0.68 per share compared to $ 183 million or $ 0.69 per share a year earlier.
Adjusted earnings totaled $ 0.89 per share.
Xerox’s revenue decreased by 5% to 2.5 billion.
Analysts had forecast earnings per share in the amount of $ 0.83 and revenue of 2.49 billion.
After the release of quarterly reports in the course of trading on premarket shares of Xerox fell 1.5%.