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Xerox Profit Drops by More than Half

Market News Video
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October 22, 2009 AT 10:32 AM
Xerox (XRX) said its quarterly profit fell by more than 50 percent in the third quarter. The company posted earnings of $123 million, or 14 cents per share, as compared to $258 million, or 29 cents per share, in the same quarter last year.