Xerox Loses Steam In Q1, Stock Dips [Yahoo! Finance]
Xerox Holdings Corporation (XRX)
Last xerox holdings corporation earnings: 4/28 06:30 am
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Source: Yahoo! Finance
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-sale margin decreased by 460 bps to 29.1%. The company reported an adjusted operating income of $33 million, compared to $118 million last year, and the margin declined 470 basis points to 2.2%. Xerox held $685 million in cash and equivalents as of March 31, 2024. Operating cash flow for the quarter totaled $(79) million, with a free cash flow of $(89) million. “We implemented comprehensive and strategic operating model changes to align our organization more closely with our buyers' needs and improve efficiency,” said Steve Bandrowczak, CEO at Xerox. FY24 Outlook : The company reiterated revenue of $6.54 billion – $6.68 billion vs. consensus
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News
- Investors Heavily Search Xerox Holdings Corporation (XRX): Here is What You Need to Know [Yahoo! Finance]Yahoo! Finance
- Xerox Holdings (XRX) Stock Loses 2.6% Post Q1 Earnings Miss [Yahoo! Finance]Yahoo! Finance
- Xerox Holdings Corporation (NASDAQ:XRX) Just Released Its First-Quarter Earnings: Here's What Analysts Think [Yahoo! Finance]Yahoo! Finance
- Xerox Holdings: Hitting FY24 Guide Seems Unlikely [Seeking Alpha]Seeking Alpha
- 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
XRX
Earnings
- 4/23/24 - Miss
XRX
Analyst Actions
- 4/24/24 - JP Morgan
XRX
Sec Filings
- 5/1/24 - Form 10-Q
- 4/25/24 - Form DEFA14A
- 4/23/24 - Form 8-K
- XRX's page on the SEC website