Printing company Xerox Corp's
Xerox, which boosted its 2009 outlook, said on Thursday third quarter net income was $123 million, or 14 cents a share, compared with $258 million, or 29 cents a share, one year earlier.
Analysts had expected a profit of 12 cents a share, according to according to Thomson Reuters I/B/E/S.
Total revenue declined 16 percent to $$3.68 billion.
The results were the first for Xerox since it offered last month to buy Affiliated Computer Services
(Reporting by Franklin Paul; Editing by Derek Caney)