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Stock impact report

Xerox reports 2 percent drop in quarterly revenue [Reuters]

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
Company Research Source: Reuters
Xerox reports 2 percent drop in quarterly revenue | Reuters Reuters Staff 1 Min Read July 26 (Reuters) - Xerox Corp, which recently scrapped a $6.1 billion merger with Japan’s Fujifilm Holdings Corp, reported a 2.2 percent drop in quarterly revenue as more businesses go digital, dampening demand for its printers and photocopiers. Net income attributable to Xerox fell to $112 million, or 42 cents per share, in the second quarter ended June 30, from $166 million, or 63 cents per share, a year earlier. The profit was hurt by transaction costs of $58 million. Total revenue fell to $2.51 billion from $2.57 billion. The company also said it will repurchase up to $500 million of shares in 2018. (Reporting by Sonam Rai in Bengaluru; Editing by Bernard Orr) All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2018 Reuters. All Rights Reserved. Xerox reports 2 percent drop in quarterly revenue July 26 (Reuters) - Xerox Corp, which recently Show less Read more
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