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This week marks the 75th year anniversary of the first Xerox image, but it’s unlikely many are celebrating the antiquity of the company’s technology.
Earnings for Xerox Corp. fell the most in more than four years Thursday after a full-year outlook was released, missing analysts’ earning estimates. Stocks dropped 10 percent to $9.61.
The company is in the process of restructuring its business away from its iconic document technology and toward more technology-based services.
Company forecasts show earnings between 28 cents to 30 cents in the fourth quarter, missing analysts’ predictions of 33 cents.
