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Xerox Shares Hit On Cautious Outlook After Q3 Miss Street

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.
RTTNews | 27 dagar sedan
Xerox Holdings Reaffirms FY24 Revenues Outlook - Update

Xerox Holdings Reaffirms FY24 Revenues Outlook - Update

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.
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