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The shares of Xerox decreased with 8% after disappointing report

The company engaged in production of copying machines and office supplies Xerox announced a profit of 171 million dollars, or 12 cents per share for the fourth quarter of 2010. This disappointed the markets and its shares sank more than 8 percent in trading on the stock exchange in New York. Xerox's revenues have increased by 42 percent to 5.98 billion dollars. With the main merit of this are revenues from services, outsourcing and rentals, which have jumped from 2.05 billion dollars for the last three months of 2009 to 3.75 billion dollars for the same period of 2010. In the last quarter of 2009, Xerox had profits of 180 million dollars, or 20 cents a share. Income does have amounted to 4.22 billion dollars. The expectations of analysts was for profit of 28 cents per share, on revenue of $ 6 billion. For the first quarter of this year the U.S. company expects profit in the 20-22 cents per share, for the entire year 2011 is between 1.05 to 1.10 dollars per share. This coincides with the expectations of analysts that forecasts of FactSet.