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Tag Archives: visentin

Xerox furthers hostile takeover bid in HP shareholder presentation (access required)

Xerox Holdings Corp. has launched its hostile takeover bid of Hewlett Packard Inc., beginning with an investor presentation made available to HP shareholders on Monday. “There is a clear path to realizing increased value from your investment in HP—the proposed ...

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Xerox to sell stake in Fuji Xerox for $2.3 billion, continue work with Fujifilm (access required)

The feud between Xerox Holdings Corp. and Fujifilm Holdings Corp. may finally be over. Fuji has agreed to acquire Xerox’s one-quarter stake in Fuji Xerox for $2.3 billion, the two companies said Tuesday. Both companies’ boards agreed to the deal, ...

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Xerox shares soar on positive Q3 earnings report (access required)

Xerox Holdings Corp. shares spiked Tuesday on earnings that surpassed Street estimates. Company stock (NYSE: XRX) had climbed 16 percent to $35.72 in heavy volume midday, eventually settling at roughly $34.50. Despite a 6.5 percent decrease in revenue to $2.2 ...

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Xerox reports mixed Q2 financials (access required)

Xerox Corp. on Tuesday reported second-quarter financials that topped Street estimates for earnings but fell short on sales. For the second quarter ended June 30, Xerox reported an 8.8 percent decrease in revenue to $2.29 billion, missing analyst estimates by ...

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Xerox filing details ‘Project Own It,’ plans to save $1.5 billion (access required)

Xerox Corp. is exploring the possibility of a “strategic transaction” involving its customer financing business and related assets, a filing with the Securities and Exchange Commission this week shows. Monday’s filing included slides from a March 2019 presentation in which ...

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Xerox announces three-year growth plan (access required)

Xerox Corp. has outlined a three-year strategy to expand its market and boost its bottom line. At an Investor Day meeting, Xerox Vice Chairman and CEO John Visentin said the company will focus on four key areas to position Xerox ...

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Xerox earnings improve in Q4 (access required)

Xerox Corp. on Tuesday posted mixed fourth quarter results, falling short of some Street estimates. Revenue for the quarter ended Dec. 31 was $2.53 billion, a nearly 8 percent decrease from the fourth quarter last year. Net income for the ...

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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 ...

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