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Xerox (XRX) shares rose more than 33% in Thursday afternoon trading after the company reported higher Q1 revenue.
The company reported a Q1 adjusted loss Thursday of $0.43 per diluted share, widening from a loss of $0.06 a year earlier.
Three analysts polled by FactSet expected a loss of $0.27.
Total revenue for the quarter ended March 31 was $1.85 billion, up from $1.46 billion a year earlier.
Three analysts surveyed by FactSet expected $1.75 billion.
Price: $2.10, Change: $+0.53, Percent Change: +33.44%