Xerox posts 1st-quarter profit, results meet lowered outlook the company issued last month

NEW YORK — Xerox Corp. met lowered expectations for first-quarter earnings Friday, but said slower spending on printing equipment and supplies continued to hurt sales, a trend the company projected to continue for at least the next few months.

Xerox posts 1st-quarter profit, results meet lowered outlook the company issued last month

NEW YORK — Xerox posted a profit in the first quarter that met its revised guidance, which the company slashed last month due to restructuring costs and declining technology spending.