Xerox shares are trading lower after the company reported mixed Q3 financial results and cut FY23 revenue guidance.
Portfolio Pulse from Benzinga Newsdesk
Xerox reported mixed Q3 financial results and reduced its FY23 revenue guidance, leading to a drop in its share price.
October 24, 2023 | 4:52 pm
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NEGATIVE IMPACT
Xerox's Q3 results were mixed and the company has lowered its FY23 revenue guidance, causing its stock price to fall.
Xerox's mixed Q3 results and the reduction in its FY23 revenue guidance are likely to negatively impact investor sentiment, leading to a decrease in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100