Shares of Microsoft Corporation (NASDAQ: MSFT), Hewlett-Packard Company (NYSE: HPQ) slumped on Thursday after market research consulting firm IDC said that sales of PCs tumbled 12.9% in the first quarter of the current year, a steepest decline in quarterly sales since 1994 when IDC started keeping track on quarterly PC sales.
Continue reading Major Movers on April 11; MSFT, ROST, FTNT, APOG, XRX, RT, IART, ZUMZ
Xerox Corporation (NYSE: XRX), a provider of portfolio of business process and information technology outsourcing support, document technology and solutions, today reported a decline in its first-quarter profit and weaker margins. However, the company’s first-quarter profit came in-line with Street estimates. The company also raised its forecast for the current quarter, sending shares higher.
Continue reading Xerox Profit Drops But Beats Expectations (XRX)