Xerox shares fell sharply after the company beat third-quarter adjusted EPS estimates but suspended its common and preferred dividends and recorded a $959 million noncash goodwill impairment. The company also cut full-year adjusted operating income and free cash flow guidance. Law firm Levi & Korsinsky has opened an investigation into potential securities law violations. Xerox reported a 4.7% year-over-year revenue decline and operating cash flow fell to $30 million from $116 million a year earlier.
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