US98421M1062 - Common Stock
Xerox, Precision Drilling, and Alphabet are three cash flow stocks with strong metrics, positioned as leaders in generating value.
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.
We're diving into the biggest pre-market stock movers that traders are going to want to keep an eye on for Tuesday morning!
In a welcome move, Xerox Holdings stock saw its Relative Strength Rating rise to 73 on Monday, up from 69 a day earlier.
Selling these three NASDAQ stocks might be the best option now, as they continue to show potential issues and continued weakness.