US98421M1062 - Common Stock
XRX stock results show that Xerox Holdings missed analyst estimates for earnings per share and missed on revenue for the second quarter of 2024.
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Xerox Holdings Corp (NASDAQ: XRX) reported a fiscal first-quarter 2024 sales decline of 12.4% year-on-year to $1.50 billion, missing the consensus of $1.53 billion. Revenues declined 13.2% at constant currency. Adjusted EPS of $0.06 missed the analyst consensus of $0.35. The stock price declined after the print. Equipment sales decreased by 25.8%, while post-sale revenue declined by 8.5%. Gross margin declined 480 basis points Y/Y to 29.5%. The equipment margin fell by 550 bps to 31.0%. The post
Xerox struggles with an earnings miss amid ambitious cost-cutting. What's next for the printing and documents management company?
Xerox struggles with an earnings miss amid ambitious cost-cutting. What's next for the printing and documents management company?
XRX stock results show that Xerox Holdings missed analyst estimates for earnings per share and missed on revenue for the first quarter of 2024.