Yep, looks like a good investment to me (sarcasm off)...
Here's more (hope I'm not overloading your reading capability:
"The company's net earnings were $105 million, or 6 cents a share, reversing a net loss of $32 million, or 5 cents, in the year-ago quarter.
Revenue fell 6 percent, to $3.8 billion from the prior year's $4.05 billion, as Xerox targeted businesses likely to generate earnings, and de-emphasized those that showed little promise of profit.
The company took restructuring charges of $63 million on a pre-tax basis and 6 cents after taxes in the latest quarter.
Adjusted for one-time items in both reporting periods, Xerox's per-share earnings improved to 11 cents from 1 cent in the year-ago third quarter.
Analysts surveyed by Thomson Financial/First Call had been expecting the Stamford, Conn.-based company to earn 2 cents in the latest quarter.
Gross margin underscored Xerox's better quarterly performance, standing at 42 percent in the latest quarter compared with the prior year's 37.6 percent and 42.5 percent in this year's second quarter.
Mulcahy didn't hold much back on her hopes for the fourth quarter and for 2003.
She said management is comfortable with Wall Street's consensus forecast for the quarter -- analysts are looking for a profit of 9 cents, on average. She predicted that Xerox's revenue would "continue to trend positively," yielding "strong full-year profitability."
Mulcahy also said she sees Xerox "in a lot stronger position going into 2003" as contributions from new products kick in.
Into the penalty box with you for beating LS over the head.
Richard W.