Icahn increases Xerox holding
Activist investor Carl Icahn has upped his stake in Xerox after its share price fell sharply last week.
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Activist investor Carl Icahn has upped his stake in Xerox after its share price fell sharply last week.
As users return to the office with the retreat of the COVID-19 pandemic, Xerox is seeing print volumes start to return to pre-pandemic levels.
Xerox said its revenue was in line with expectations in Q1, “despite an increasingly volatile operating environment” but the company posted operating and pre-tax losses for the period, resulting in a sharp drop in its share price.
NORWALK (dpa-AFX) - While reporting first-quarter results on Thursday, Xerox Holdings Corporation (XRX) said it is maintaining revenue and cash flow guidance for 2022. The company's guidance assumes
Xerox was supposed to earn a profit. It delivered a loss instead.