30 October 2019
Xerox Share Price Jumps
NEW YORK—
Speculated take over target
Speculated take over target
Shares of Xerox jumped  on Tuesday after the  company reported stronger-than-expected third-quarter earnings. Revenue dropped to $2.2 billion from $2.35 billion a year earlier, but blew away expectations of a sales dropping  to  $1.19 billion. Net income increased to $221 million  from $89 million.
John Visentin , President of Xerox
John Visentin , President of Xerox
Gross margin dipped to 40.0% from 40.1%. Xerox's stock traded at $35.30, up 14.65%. It has climbed 77% so far this year. Rumours still pre sit of a possible take over of Xerox by HP or the Fujifilm deal resurfacing. Some of the Xerox share price increase may be from roomers of a possible take over. 
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