Xerox’s 1st-Quarter Loss Narrows

Xerox Corp. had a narrower first-quarter loss on increased sales of more profitable color machines.

Xerox’s net loss shrank to $65 million, or 10 cents a share after paying dividends on preferred shares, from $114 million, or 16 cents, in the year-earlier quarter. Revenue fell 2.6% to $3.76 billion, the company said.

Xerox shares rose 79 cents to $9.95 on the NYSE.