Xerox cuts full-year revenue forecast, shares fall

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(Reuters) - Xerox Corp (XRX.N) posted a better-than-expected quarterly profit on Tuesday, but cut its full-year revenue forecast citing organizational changes, primarily in North America.

Shares of the U.S. photocopier maker were down 3.5% at $32.72 in trading around noon.

Xerox scrapped a complex deal last year to merge with Japan’s Fujifilm Holdings Corp (4901.T) after it ran into strong opposition from activist investors Carl Icahn and Darwin Deason. read the rest here

7/31/199:24 PM

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