Xerox Plunges on Poor 2011 Guidance

Xerox Corporation (XRX) reported fourth quarter results that met Wall Street’s expectations, but its 2011 guidance was disappointing, sending shares down nearly 10% in early trading. The document management giant posted adjusted earnings of $0.29 per share for the quarter, narrowly topping the $0.28 expected by analysts, and matched the consensus revenue view with $5.98 [...]