Xerox Reports First-Quarter 2016 Earnings and Provides Update on Strategic Transformation and Separation

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Go back to Xerox Reports First-Quarter 2016 Earnings and Provides Update on Strategic Transformation and Separation

UPDATE: Brean Capital Downgrades Xerox (XRX) to Hold

April 26, 2016 6:51 AM EDT

(Updated - April 26, 2016 8:58 AM EDT)

Brean Capital downgraded Xerox (NYSE: XRX) from Buy to Hold. Analyst Ananda Baruah said he was moving to the sideline to "digest" split dynamics.

Baruah explained, "Weve been long-time supporters of the stock, including... More

Xerox Corp. (XRX) Misses Q1 EPS by 1c

April 25, 2016 6:46 AM EDT

Xerox Corp. (NYSE: XRX) reported Q1 EPS of $0.22, $0.01 worse than the analyst estimate of $0.23. Revenue for the quarter came in at $4.3 billion versus the consensus estimate of $4.24 billion.

Separation and Strategic Transformation Update

On January 29, 2016, Xerox announced a plan to separate into two independent, publicly-traded companies, each of which... More