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Xerox Corp (XRX.N)

XRX.N on New York Stock Exchange

27.25USD
20 Aug 2018
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$0.31 (+1.15%)
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Latest Key Developments (Source: Significant Developments)

Xerox Q2 GAAP Earnings Per Share $0.42 From Continuing Operations
Thursday, 26 Jul 2018 

Xerox Corp ::XEROX CEO SETS DIRECTION TO DRIVE IMPROVED PERFORMANCE; COMPANY TO REPURCHASE UP TO $500 MILLION OF SHARES IN 2018.Q2 REVENUE $2.51 BILLION VERSUS I/B/E/S VIEW $2.49 BILLION.Q2 GAAP EARNINGS PER SHARE $0.42 FROM CONTINUING OPERATIONS.Q2 EARNINGS PER SHARE VIEW $0.83 -- THOMSON REUTERS I/B/E/S.BOARD OF DIRECTORS AUTHORIZED A $1 BILLION SHARE REPURCHASE PROGRAM.CONFIRMED THAT IT IS NOT CONDUCTING AN AUCTION PROCESS..CONTINUES TO EXPECT FULL-YEAR OPERATING CASH FLOW OF $900 TO $1,100 MILLION AND FREE CASH FLOW OF $750 TO $950 MILLION.PLANS TO RETURN AT LEAST 50 PERCENT OF ITS FREE CASH FLOW TO SHAREHOLDERS THROUGH COMMON DIVIDENDS AND SHARE REPURCHASES.Q2 EARNINGS PER SHARE VIEW $0.83 -- THOMSON REUTERS I/B/E/S.  Full Article

Xerox Corp Says Entered Agreement Between And Among The Company And Centerview Partners Llc
Saturday, 21 Jul 2018 

July 20 (Reuters) - Xerox Corp ::XEROX CORP SAYS ENTERED INTO AN AGREEMENT BETWEEN AND AMONG THE COMPANY AND CENTERVIEW PARTNERS LLC - SEC FILING.XEROX CORP - PARTIES SETTLED CERTAIN MATTERS RELATED TO PREVIOUSLY PROPOSED COMBINATION OF CO WITH FUJI XEROX CO LTD.XEROX CORP - CENTERVIEW TO REPAY FEES PAID BY CO TO CENTERVIEW FOR TERMINATED TRANSACTION WITH FUJI XEROX CO. LTD.XEROX - CO TO RELEASE CENTERVIEW, CENTERVIEW TO RELEASE CO FROM ANY CLAIMS ARISING OUT OF ENGAGEMENT LETTERS AS OF DATE OF AGREEMENT.XEROX -CO TO RELEASE CENTERVIEW, CENTERVIEW TO RELEASE CO FROM ANY CLAIMS RELATING TO FINANCIAL ADVICE AND SERVICES, PROVIDED BY CENTERVIEW TO CO.XEROX -CO TO RELEASE CENTERVIEW, CENTERVIEW TO RELEASE CO FROM ANY CLAIMS RELATING TO TERMINATED TRANSACTION, AMONG OTHER THINGS.XEROX - AS PER CENTERVIEW AGREEMENT, CENTERVIEW WILL NOT BE ENTITLED TO ANY FURTHER PAYMENTS OR FEES FROM CO UNDER ENGAGEMENT LETTERS.  Full Article

Xerox Sets Quarterly Cash Dividend Of $0.25 Per Share
Thursday, 19 Jul 2018 

July 19 (Reuters) - Xerox Corp ::XEROX DECLARES DIVIDEND ON COMMON AND PREFERRED STOCK.SETS QUARTERLY CASH DIVIDEND OF $0.25 PER SHARE.  Full Article

Xerox Responds To Fujifilm Lawsuit
Monday, 25 Jun 2018 

June 25 (Reuters) - Xerox Corp ::XEROX RESPONDS TO FUJIFILM LAWSUIT.XEROX CORP - CEO SENT A LETTER TO FUJIFILM CHAIRMAN SHIGETAKA KOMORI RESPONDING TO LAWSUIT FILED BY FUJIFILM LAST WEEK.XEROX CORP - WE WILL START "IN A MATERIAL WAY" TO SOURCE PRODUCTS FROM NEW VENDORS.XEROX CORP - "CURRENTLY BELIEVE XEROX WILL BE MUCH BETTER SERVED BY NOT RENEWING OUR TECHNOLOGY AGREEMENT WITH FUJI XEROX WHEN IT EXPIRES".XEROX CORP - WILL DETAIL FOR OPPORTUNITY FOR XEROX TO SELL PRODUCTS DIRECTLY INTO ASIA-PACIFIC MARKET WITH EXCLUSIVE USE OF XEROX NAME.  Full Article

Xerox Names Steve Bandrowczak President And COO
Thursday, 21 Jun 2018 

June 21 (Reuters) - Xerox Corp ::XEROX NAMES STEVE BANDROWCZAK PRESIDENT AND CHIEF OPERATIONS OFFICER.XEROX NAMES STEVE BANDROWCZAK PRESIDENT AND CHIEF OPERATIONS OFFICER.XEROX CORP - BANDROWCZAK JOINS XEROX FROM ALIGHT SOLUTIONS, WHERE HE WAS CHIEF OPERATING OFFICER AND CHIEF INFORMATION OFFICER.XEROX - APPOINTMENT OF STEVE BANDROWCZAK AS PRESIDENT & CHIEF OPERATIONS OFFICER, AND A MEMBER OF CO'S EXECUTIVE COMMITTEE, EFFECTIVE JUNE 25, 2018.  Full Article

Fujifilm sues Xerox for well over $1 bln, plus punitive damages
Monday, 18 Jun 2018 

June 18 (Reuters) - Fujifilm says its shareholders are entitled to the benefits of the transaction that xerox had agreed to:.  Full Article

Xerox Announces John Visentin As New CEO
Thursday, 17 May 2018 

May 16 (Reuters) - Xerox Corp ::XEROX ANNOUNCES JOHN VISENTIN AS NEW CEO; SETS 2018 ANNUAL MEETING DATE.ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON JULY 31, 2018.  Full Article

Fujifilm Says Disputes Xerox's Unilateral Decision To Terminate Deal
Monday, 14 May 2018 

May 14 (Reuters) - Fujifilm Holdings Corp <4901.T>::DISPUTES XEROX'S UNILATERAL DECISION TO TERMINATE THE TRANSACTION.DOESN'T THINK XEROX HAS LEGAL RIGHT TO TERMINATE AGREEMENT, LOOKING AT ALL OPTIONS INCLUDING BRINGING LEGAL ACTION SEEKING DAMAGES.TO URGE XEROX BOARD OF DIRECTORS TO RECONSIDER THEIR DECISION.  Full Article

Fujifilm Says Has Not Received A New Proposal From Xerox
Thursday, 10 May 2018 

May 10 (Reuters) - Fujifilm Holdings Corp <4901.T>::FUJIFILM SAYS HAS NOT RECEIVED A NEW PROPOSAL FROM XEROX.FUJIFILM SAYS IF WE RECEIVE A NEW PROPOSAL, WE WILL NEED TO STUDY WHETHER IT OFFERS VALUE TO SHAREHOLDERS OF FUJIFILM.  Full Article

Xerox Reports Q1 EPS $0.08 From Continuing Operations
Thursday, 3 May 2018 

May 2 (Reuters) - Xerox Corp ::XEROX REPORTS FIRST-QUARTER 2018 RESULTS.Q1 REVENUE $2.435 BILLION VERSUS I/B/E/S VIEW $2.41 BILLION.Q1 GAAP EARNINGS PER SHARE $0.08 FROM CONTINUING OPERATIONS.Q1 ADJUSTED EARNINGS PER SHARE $0.68.Q1 EARNINGS PER SHARE VIEW $0.73 -- THOMSON REUTERS I/B/E/S.NOT PROVIDING 2018 GUIDANCE DUE TO PENDING DIRECTOR APPOINTMENT, NOMINATION, SETTLEMENT AGREEMENT WITH CARL ICAHN,DARWIN DEASON, AMONG OTHERS.XEROX-"IN NORMAL COURSE OF BUSINESS, ABSENT RECENT EVENTS,WOULD HAVE REAFFIRMED FY GUIDANCE ON REVENUE, ADJUSTED OPERATING MARGIN, CASH FLOW, ADJUSTED EPS".  Full Article

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Xerox posts profit below estimates, revenue declines

Xerox Corp, which scrapped a planned $6.1 billion merger with Fujifilm Holdings Corp, reported a quarterly profit that was below Wall Street estimates as it posted higher costs related to the failed deal with the Japanese company.