XRX's net income fell from $382 million 1 year ago (41 cents per share) to $1 million (0 cents per share) in this Q4.
On November 24, 2008 XRX announced a project 2009 profit of up to $1.25 a share, which was above analysts’ expectation.
Xerox announced on December 3 that the company had decreased its greenhouse gas emissions by 18% since 2002. The reduction saved the company a reported $18 million in 2006. Xerox had originally set a emissions reduction goal of 10% for the year 2012, which they have since increased to 25%.
Xerox shares fell despite an announcement that second-quarter profits had beat expectations. The decline was due to concerns about margins and a possible slowdown in new equipment sales. Some Wall Street analysts attributed the profit increase to the acquisition of Global Imaging Systems Inc. rather than to better performance by the company.