Xerox Holdings Reaffirms FY24 Revenues Outlook - Update
(RTTNews) - While reporting financial results for the first quarter on Tuesday, workplace technology company Xerox Holdings Corp. (XRX) said it continues to expect revenues for the full-year 2024 to be decline 3 to 5 percent in constant currency and adjusted operating margin of at least 7.5 percent.
On average, four analysts polled by Thomson Reuters expect a revenue decline of 4.3 percent to $6.59 billion for the year.
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Xerox Shares Hit On Cautious Outlook After Q3 Miss Street
Shares of Xerox Holdings Corp. were plunging around 21 percent in the early morning trading on the Nasdaq, as the workplace technology company trimmed its fiscal 2024 margin and revenue forecast, after reporting a hefty loss in its third quarter, compared to prior year's profit, with weak revenues. Adjusted earnings and top line missed market estimates.
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5h 30min ago
Japan Producer Prices Climb 2.9% On Year In October
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Continued Support Predicted For Malaysia Shares
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KOSPI Tipped To Extend Its Gains On Tuesday
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Japan Producer Price Data Due On Tuesday
Japan will on Tuesday release October numbers for producer prices, highlighting a light day for Asia-Pacific economic activity. Producer prices are expected to rise 2.5 percent on year, easing from 2.6 percent in September.
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