Xerox fourth-quarter profit tops Street view, shares up

(Reuters) – Xerox Corp reported quarterly earnings slightly above expectations on Thursday and reiterated its full-year targets as it restructures parts of its business. Fourth-quarter revenue was flat at $ 5.9 billion and earnings per share, excluding items, were 30 cents. Analysts looked for $ 5.88 billion in revenue and EPS of 29 cent. Xerox stock gained 2.2 percent to $ 7.75 in early trading. For the first three month of 2013, Xerox expects earnings to be in a range of 23 cents to 25 cents per share. Analysts looked for 24 cents in the first quarter, according to Thomson Reuters I/B/E/S. …

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