Xerox cuts 2015 profit forecast due to strong dollar

April 24, 2015 11:52 AM

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Xerox cuts 2015 profit forecast due to strong dollar

(Reuters) - Xerox Corp, (XRX.N) cut its 2015 profit forecast, blaming a strong dollar, and reported quarterly revenue below Wall Street's expectations, hurt mainly by lower printer sales and higher costs.

The company also said it expects 2015 revenue to fall 1 percent on a constant currency basis, compared with its previous forecast of revenue being flat with a year earlier.

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