Xerox CorporationNYSE
Advanced Chart
  • Wed, Oct. 19, 4:26 PM
    | Wed, Oct. 19, 4:26 PM | 2 Comments
  • Mon, Oct. 17, 12:50 PM
    • Appearing on CNBC following David Tepper ("pretty cautious, not downright bearish"), Carl Icahn says a lot of companies are "way overvalued."
    • "Uniquely undervalued," however, are Xerox (NYSE:XRX), Cheniere (NYSEMKT:LNG), and AIG, says Icahn.
    • Herbalife (NYSE:HLF): "I don't understand why there's a 25M share short position ... Could be the mother of all short squeezes."
    • Twitter (NYSE:TWTR)? "I haven't looked at Twitter. I'm not going to comment."
    | Mon, Oct. 17, 12:50 PM | 23 Comments
  • Thu, Oct. 13, 5:42 PM
    • Xerox's (NYSE:XRX) largest individual shareholder, billionaire Darwin Deason, has filed a lawsuit that seeks to block the company's plan to spin off its document outsourcing business into a new publicly traded company.
    • Deason, who owns a 6.1% stake in XRX, claims the company would exchange $300M worth of preferred shares he owns for a stake in the legacy copier and printer business instead of in Conduent, which he says is the faster growing business.
    • XRX says the lawsuit is without merit, and expects to complete the planned split on schedule.
    • XRX’s biggest institutional investor is Carl Icahn's hedge fund which held a nearly 10% stake as of June 30 and has supported the company's break-up plan.
    | Thu, Oct. 13, 5:42 PM | 11 Comments
  • Fri, Jul. 29, 7:07 AM
    • Xerox (NYSE:XRX) reports revenue fell 4% on a constant currency basis in Q2.
    • Services revenue declined 2% to $2.47B (-1% in constant currency).
    • Document technology revenue decreased 7% to $1.75B (-6% in constant currency).
    • Equipment sales dropped 6% to $675M (-5% in constant currency).
    • Annuity revenue squeezed 4% to $3.71B (-3% in constant currency).
    • Adjusted gross margin rate increased 20 bps to 31.4%.
    • Adjusted SG&A expense rate improved 30 bps 19.3%.
    • Operating margin rate expanded 80 bps to 9.3%.
    • Q3 Guidance: Diluted EPS: $0.14 to $0.16; Adjusted EPS: $0.26 to $0.28.
    • FY2016 Guidance: Diluted EPS: $0.45 to $0.55; Adjusted EPS: $1.10 to $1.20; Cash flow from operations: $950M to $1.2B; Free cash flow: $600M to $850M.
    | Fri, Jul. 29, 7:07 AM | 2 Comments
  • Fri, Jul. 29, 6:46 AM
    • Xerox (NYSE:XRX): Q2 EPS of $0.30 beats by $0.05.
    • Revenue of $4.39B (-4.4% Y/Y) in-line.
    • Press Release
    | Fri, Jul. 29, 6:46 AM
  • Thu, Jul. 28, 5:30 PM
  • Wed, Jul. 20, 3:22 PM
    | Wed, Jul. 20, 3:22 PM
  • Thu, Jul. 14, 11:19 PM
    • Xerox (NYSE:XRX) has rejected a bid to merge its document business with R.R. Donnelley (NASDAQ:RRD), WSJ reports.
    • XRX has attracted interest in potential deals since announcing plans in January to split into two businesses, and RRD, which also is in the process of breaking up, expressed interest in combining its operations with XRX’s remaining copier business, according to the report.
    • XRX's board reportedly reviewed the proposal with its advisers before telling RRD today it was not interested, believing its own breakup plan is less risky.
    | Thu, Jul. 14, 11:19 PM | 9 Comments
  • Mon, Jul. 11, 4:43 PM
    • Xerox (NYSE:XRX) and R.R. Donnelley (NASDAQ:RRD) spike in after-hours trading after Bloomberg reports that the two companies are in talks to merger their copier businesses.
    • RRD +5.42% AH to $19.45 and XRX +2.11% to $9.70.
    | Mon, Jul. 11, 4:43 PM | 2 Comments
  • Mon, Jun. 27, 5:58 PM
    • Xerox (NYSE:XRX) agrees to appoint a Carl Icahn representative to its board, WSJ reports, as the company prepares to split in two.
    • The appointment of Jonathan Christodoro, a managing director of Icahn’s firm and named to the board of investments of Herbalife, PayPal and other Icahn interests, will leave Icahn with a say on the boards of both companies being created, according to the report; XRX already had awarded Icahn three seats on the business services spinoff company when the split was announced in January.
    • Icahn is the largest XRX shareholder with a 9.8% stake.
    | Mon, Jun. 27, 5:58 PM
  • Thu, Jun. 23, 4:30 PM
    • Jeff Jacobson will be the CEO of Xerox Corp. (XRX +2.5%) after the company splits into two later this year, Xerox announced.
    • He'll succeed Ursula Burns. Currently, Jacobson is head of Xerox Technology, a role he'll hold up to the separation.
    • Jacobson had joined the company in 2012 leading Global Graphic Communications Operations, two years before taking over Xerox Technology.
    • Xerox's split into "new Xerox" (Document Technology and Document Outsourcing business) and business processes firm Conduent is set to wrap by the end of the year.
    • Previously: Ashok Vemuri appointed as CEO of post-separation Business process outsourcing company (Jun. 14 2016)
    | Thu, Jun. 23, 4:30 PM | 4 Comments
  • Tue, Jun. 14, 9:04 AM
    • Xerox (NYSE:XRX) announced the appointment of Ashok Vemuri as CEO of the Business process outsourcing company upon the completion of the separation of Xerox into two publicly-traded companies. Vemuri will join Xerox effective July 1, 2016 and serve as CEO of Xerox Business Services, LLC and an EVP of Xerox Corporation until the separation is complete.
    • “Ashok’s deep industry experience and proven track record of leading growth and corporate transformations will be instrumental for the BPO company’s future success,” said Xerox chairman and CEO Ursula Burns.
    • Press Release
    | Tue, Jun. 14, 9:04 AM
  • Thu, May 26, 12:14 PM
    • RIght now, the chance of an affirmative vote in the Brexit referendum is looking mighty slim, so it's hard to imagine much of an edge here. Nevertheless, the team at JPMorgan has identified 22 U.S. stocks with the highest U.K. exposure as a percent of revenue. These names would thus theoretically benefit from a "Remain" vote.
    • Penske (NYSE:PAG), PPL Corp. (NYSE:PPL), PRA Health (NASDAQ:PRAH), Invesco (NYSE:IVZ), Xerox (NYSE:XRX), Ford (NYSE:F), Copart (NASDAQ:CPRT), CBRE Group (NYSE:CBG), Genesee & Wyoming (NYSE:GWR), eBay (NASDAQ:EBAY), Marsh & McLennan (NYSE:MMC), MSCI (NYSE:MSCI), ON Semi (NASDAQ:ON), Aon (NYSE:AON), PayPal (NASDAQ:PYPL), Crane (NYSE:CR), Maximus (NYSE:MMS), Legg Mason (NYSE:LM), Guidewire (NYSE:GWRE), Signet (NYSE:SIG), Fair Isaac (NYSE:FICO), DST Systems (NYSE:DST).
    | Thu, May 26, 12:14 PM | 17 Comments
  • Fri, May 20, 5:10 PM
    • Xerox (NYSE:XRX) announced earlier that Ursula Burns, the first black woman to run a Fortune 500 company, will no longer serve as CEO after the company splits in two later this year.
    • XRX says Burns, who has spent her entire 35-year career at the company, will become chairman of the newly formed document technology company, which will include its printer and copier business; the other new company will focus on business services.
    • At today's annual shareholders meeting, Burns said XRX remains on track to finish the separation by the end of the year, and that more layoffs are ahead in addition to the 8,300 jobs cut during Q1.
    | Fri, May 20, 5:10 PM | 15 Comments
  • Mon, Apr. 25, 12:47 PM
    | Mon, Apr. 25, 12:47 PM | 20 Comments
  • Mon, Apr. 25, 9:17 AM
    | Mon, Apr. 25, 9:17 AM