Xerox posts a profit for the first quarter

Article Abstract:

Xerox Corp. posted a profit for the 2001 first-quarter. The company posted $158 million (178.5 million euros) in net income for the period, compared to a $243 million loss during the same 2000 period.

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Xerox slashes its quarterly dividend

Article Abstract:

Xerox Corp. has reduced its quarterly dividend in order to save capital and increase profits. The company lowered its dividend from 20 cents per share to five cents (5.76 European cents).

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Xerox surpassed analysts' forecasts for first quarter

Article Abstract:

Xerox Corp. reported higher-than-expected operating income for the 2000 first-quarter. The company posted a 36% decline in operating income for the period to $220 million.

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