Xerox posts loss on 1-time charges; revenue from copier and printer supplies picks up

Xerox posts loss on 1-time charges

NORWALK, Conn. — Xerox Corp. fell to a loss in the first quarter because of one-time costs related to layoffs and its acquisition of Affiliated Computer Services Inc.

Sales of copier and printer supplies rose, however, and the company says full-year earnings should be at the high end of its previous forecast.

Xerox lost $42 million, or 4 cents per share, in the first three months of the year. That compares with a profit of $42 million, or 5 cents per share, a year earlier.

Excluding one-time costs, Xerox earned 18 cents per share.

Revenue increased 33 percent to $4.7 billion, primarily because of the ACS acquisition. Had the deal gone through a year ago, revenue would be up 5 percent, Xerox said.