Xerox reports fourth quarter loss [The Business Insider]
Xerox Holdings Corporation (XRX)
Last xerox holdings corporation earnings: 4/28 06:30 am
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Source: The Business Insider
Xerox reports fourth quarter loss The Xerox 914, shown here in this September 1959 ad, was a revolutionary product. Xerox (Reuters) - Printer and copier maker Xerox Corp reported a quarterly loss on Wednesday as tumbling demand for office printing took a toll on its results. The company reported a net loss from continuing operations of $196 million, or 78 cents per share, in the quarter ended Dec. 31, compared with a profit of $185 million, or 70 cents per share, a year earlier. Total revenue was nearly flat at $2.75 billion. Japan's Fujifilm Holdings is set to take over Xerox , and combine the U.S. company into their joint venture Fuji Xerox in an effort to cut costs, the companies said in a separate statement. Billionaire investors Carl Icahn and Darwin Deason, who collectively hold over 15 percent of Xerox , had jointly persuaded the photocopier pioneer to explore strategic options, oust its "old guard," including its CEO Jeff Jacobson.
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News
- Xerox Holdings Co. (NYSE: XRX) had its price target lowered by analysts at JPMorgan Chase & Co. from $18.00 to $17.00. They now have an "underweight" rating on the stock.MarketBeat
- After Plunging -16.47% in 4 Weeks, Here's Why the Trend Might Reverse for Xerox (XRX) [Yahoo! Finance]Yahoo! Finance
- Xerox Holdings Corporation (NASDAQ:XRX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Xerox Holdings First Quarter 2024 Earnings: US$0.94 loss per share (vs US$0.43 profit in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- Xerox Holdings Co. (NYSE: XRX) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
XRX
Earnings
- 4/23/24 - Miss
XRX
Sec Filings
- 4/23/24 - Form 8-K
- 4/11/24 - Form DEF
- 4/4/24 - Form ARS
- XRX's page on the SEC website