Xerox Boosts Buyback Plan By $1B; Ups Div; Trims Q4 Outlook

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Xerox Boosts Buyback Plan By $1B; Ups Div; Trims Q4 Outlook

XRX

Linked by The Tech Trade ( track newsfeed | ignore newsfeed ) - November 13, 08:42AM from (www.forbes.com)

Xerox this morning trimmed its forecast for the fourth quarter, while boosting its stock repurchase program by $1 billion and increasing its dividend by 35%. For the quarter, Xerox now expects adjusted earnings of 28-30 cents a share, down from a previous forecast of 33-35 cents. On a GAAP basis, the company expects to report ...

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