XRX · NASDAQ
XRX · NASDAQ
1.47 USD
-0.20 (-12.01%)
After hours 1.47 USD +0.00 (+0.34%)
Xerox fell another 12.61% on heavy volume as investors continued to price in its sharply lower full-year profit and cash-flow outlook after third-quarter results. The company’s $959 million goodwill impairment, dividend suspension, and planned cost program added pressure to the same earnings-driven move cost program and impairment. The broad risk-off session and weakness in configured peers amplified the decline, but Xerox’s results remained the main driver.
Xerox fell another 12.61% on heavy volume as investors continued to price in its sharply lower full-year profit and cash-flow outlook after third-quarter results. The company’s $959 million goodwill impairment, dividend suspension, and planned cost program added pressure to the same earnings-driven move cost program and impairment. The broad risk-off session and weakness in configured peers amplified the decline, but Xerox’s results remained the main driver.