Xerox shares are trading lower after the company reported worse-than-expected Q3 financial results and cut annual outlook.
Portfolio Pulse from Benzinga Newsdesk
Xerox shares declined following the release of disappointing Q3 financial results and a reduction in the company's annual outlook.
October 29, 2024 | 10:36 am
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NEGATIVE IMPACT
Xerox's stock is experiencing a decline due to underwhelming Q3 financial results and a downward revision of its annual outlook.
The company's worse-than-expected Q3 financial results and the reduction in its annual outlook are likely to negatively impact investor sentiment, leading to a short-term decline in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100