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Xerox misses Street estimates in Q2 (access required)

Xerox Corp. on Thursday reported a drop in second quarter revenues and earnings, missing Street estimates. The document company also announced plans for a $1 billion share repurchase program, and Xerox will opportunistically buy back up to $500 million in 2018. Xerox ended the quarter with a cash balance of $1.26 billion. “This positive step forward is ...

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