Shares for Xerox Holdings slid as the copier maker reported lower revenue.
Xerox stock ticked down nearly 8% to $12.43 in midday trading Tuesday. Year to date, the stock is down 20.6%.
The company earlier reported that third-quarter revenue declined 5.7% to $1.65 billion from $1.75 billion a year earlier.
“The decline in revenue reflects a relatively stable demand environment for our products and services, offset by declines in certain sector growth, low-margin post-sale revenue categories, as well as declines in reveunes associated with strategic actions put in place to simplify our business,” Chief Executive Steve Bandrowczak on an earnings call with investors.