Xerox surges on full year forecast raise - XRX News | RalliesXerox surges on full year forecast raise
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XRX• Xerox shares jump after higher full-year outlook
- Office equipment maker Xerox's XRX.O shares jump 28.3% to $3.39 in premarket trading
- Co raises FY 2026 revenue forecast to about $7.6 bln, compared to prior forecast of $7.5 bln
- XRX increases FY 2026 adj. operating income forecast in the range of $555 mln-$605 mln, compared to prior forecast of $450 mln-$500 mln
- Co posts Q2 adj. EPS of 38 cents, beating analysts' estimate of a loss of 14 cents, data compiled by LSEG
- Revenue and margin gains reflect contributions from the Lexmark acquisition completed by the co in 2025
- XRX posts Q2 revenue of $1.92 bln, compared to estimates of $1.90 bln
- As of last close, stock has risen 11.4% YTD
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