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0.000751597143930837 0.00959789552799692 0.00338218714768883 0 -0.0139045471627208 -0.0351371664787675 -0.0232995114618565 -0.0231116121758738
Stock impact report

Xerox beats on profit, misses on revenue under Icahn appointees [Toronto Globe and Mail (Ontario, Canada)]

Xerox Holdings Corporation (XRX) 
Last xerox holdings corporation earnings: 4/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: news.xerox.com/investors
Xerox Corp fell short on revenue but beat estimates for profit on the back of cost-cutting in its first full quarter under new management backed by activist investors Carl Icahn and Darwin Deason. The U.S. photocopier, which is facing a long-running decline in its core business, reported net profit that roughly halved and said revenue fell 5.8 per cent year-on-year to $2.35 billion in the third quarter ended Sept. 30, below an average analyst estimate of $2.42 billion. Operating cash flow for the quarter, however, rose and the company increased its 2018 share repurchase target to $700 million from $500 million and forecast for full-year free cash flow to between $900 million and $1 billion. Story continues below advertisement “Clearly, our priority to drive revenue requires the most effort,” Chief Executive Officer John Visentin, who worked as a consultant to Icahn in the proxy fight, said on a call with analysts. “We are putting in place Show less Read more
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