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Article: XEROX DOCUMENT PROCESSING INCOME UP 12 PERCENT IN YEAR, 20 PERCENT IN 4TH QUARTER
- Article from:
- PR Newswire
- Article date:
- January 29, 1993
CopyrightCOPYRIGHT 1993 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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-- After Accounting Changes, Special Charges,
Company Reports Losses In Both Periods --
STAMFORD, Conn., Jan. 29 /PRNewswire/ -- Income from Xerox Corporation's (NYSE: XRX) core document processing business in 1992 was 12 percent higher than a year ago and up 20 percent in the fourth quarter before special items, the company reported today.
Document processing income in the full year was $600 million, or $5.36 a primary share, against $537 million, or $4.78 a primary share, in 1991. In the three months ended Dec. 31, it was $226 million, or $2.12 a primary share, compared with $188 million, or $1.76 a primary share, a year earlier.
After ...