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Monday, October 26, 2015

Xerox (XRX) reported earnings on Mon 26 October 2015 (b/o)

** charts after earnings **






The company this morning reported a decline of 9.6 percent in revenue during the third quarter. Analysts attributed the drop to subpar sales of Xerox's printers, combined with the impact of the strong U.S. dollar.

Xerox also announced that its board has authorized a review of the "structural options" for its business portfolio and its capital allocation options.

Revenue was $4.3 billion in the most recent quarter, compared to $4.8 billion in the same three-month period a year ago.

Xerox recorded a loss of $34 million in the third quarter, as opposed to a $266 million profit in the identical quarter a year ago.
Xerox, which is now based in Connecticut, has a worldwide workforce of 140,000.

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