Why Xerox Stock Just Crashed 11%

·2 min read
Why Xerox Stock Just Crashed 11%

Shares of IT equipment giant Xerox (NYSE: XRX) dropped 11.1% through 1:10 p.m. EDT Tuesday. Analysts had forecast Xerox would earn $0.44 per share on $1.81 billion in sales in Q3. Xerox beat the earnings estimate with a $0.48-per-share profit -- but missed slightly on sales, reporting $1.77 billion.

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