Xerox

CEO: Jeff Jacobson

Dec. 30, 2016: $8.73

March 31, 2017: $7.34

Change: -15.92%

Xerox spent most of 2016 preparing to carry out its plan to split into two companies: One named Xerox focused on printers and other document technology hardware with expected annual sales of $11 billion, and the other named Conduent providing business process outsourcing services with expected annual sales of $7 billion.

The split was effective Jan. 2, 2017. As of that date Ursula Burns became Xerox's chairman and Jeff Jacobson took over as the company's CEO.

On March 29 Xerox unveiled 29 new printers and multifunction devices in what the company said was its biggest product launch in its 110-year history.

In January Xerox reported that revenue in its 2016 fourth quarter (ended Dec. 31) was $2.73 billion, down 7 percent from $2.95 billion in the same period one year earlier. Net income from continuing operations was $181 million, down 29 percent from $256 million one year before.

For all of 2016 Xerox reported revenue of $10.77 billion, down 6 percent from $11.47 billion in 2015. Net income from continuing operations in 2016 was $616 million, down 27 percent from $848 million in 2015.