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Xerox Holdings Corp. (NASDAQ:XRX) released its first-quarter 2026 results on Thursday.
The stock surged over 16%, as high short interest—exceeding 28% of the float—likely acted as a catalyst, amplifying buying pressure and accelerating the rally.
Revenue Surpasses Estimates Amid Earnings Miss
Xerox reported quarterly sales of $1.846 billion. This figure beat the analyst consensus estimate of $1.747 billion. It marks a significant increase from the $1.457 billion reported in the same period last year.
However, the company posted adjusted quarterly losses of 43 cents per share. This missed the analyst consensus estimate of a 27-cent loss. This result represents a wider loss compared to the 6 …
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