Rochester, N.Y. - Xerox is reporting profits for the fourth quarter that slightly exceeded Wall Street expectations.
The company earned 335 million dollars in the quarter, down about 11 percent from this time last year. But earnings per share were a penny better than analysts expected.
Sales were down one percent, also a little better than Wall Street anticipated.
The company also revealed that in the fourth quarter, they cut 4,300 jobs worldwide. The company did not say how many jobs may have been impacted in Rochester from that move but currently about 5,800 people work in Monroe County for Xerox.
