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Update: Xerox Shares Rise After Q1 Revenue Increases

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(Updates with the latest stock price movement in the headline and first paragraph.)

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%

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