Xerox struggles with an earnings miss amid ambitious cost-cutting. What's next for the printing and documents management company?Shares of Xerox (XRX -11.11%) fell hard on Tuesday morning after a disappointing earnings report. The specialist in printing and digital document management solutions had recovered somewhat to a 10.6% price drop by 11 a.m. ET today, but it's still a hard hit.Xerox by the numbersThere's a lot to unpack in this report, but let's start with the basic financial figures.Your average Wa ...

Xerox Holdings Corporation (NASDAQ:XRX) Q1 2024 Earnings Conference Call April 23, 2024 8:00 AM ET Company Participants David Beckel - VP, IR Steve Bandrowczak - CEO John Bruno - President and COO Xavier Heiss - EVP and CFO Conference Call Participants Ananda Baruah - Loop Capital Samik Chatterjee - JPMorgan Erik Woodring - Morgan Stanley Operator Thank you for standing by. Welcome to the Xerox Holdings Corporation's First Quarter 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this pr ...

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Xerox Holdings presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.But making Xerox Holdings an even more inter ...

Xerox Holdings Corporation (XRX) reported $1.5 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 12.4%. EPS of $0.06 for the same period compares to $0.49 a year ago.The reported revenue represents a surprise of -4.80% over the Zacks Consensus Estimate of $1.58 billion. With the consensus EPS estimate being $0.38, the EPS surprise was -84.21%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations t ...

EXHIBIT 99.1 News from Xerox Holdings Corporation Xerox Releases First-Quarter Results Implemented comprehensive changes to operating model; on track to meet Reinvention targets despite a challenging first quarter Financial Summary Q1 2024 • Revenue of $1.50 billion, down 12.4 percent, or 13.2 percent in constant currency. • GAAP net loss of $(113) million, or $(0.94) per share, a decrease of $184 million or $1.37 per share, year-over-year, respectively. This quarter includes after-tax Project Reinvention r ...

Xerox Holdings Corporation (XRX) closed at $16.21 in the latest trading session, marking a -0.98% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.03%. Elsewhere, the Dow saw an upswing of 0.41%, while the tech-heavy Nasdaq appreciated by 0.12%.The the stock of company has fallen by 0.61% in the past month, lagging the Industrial Products sector's gain of 0.39% and overreaching the S&P 500's loss of 0.9%.The investment community will be paying close attention to the ea ...

Xerox Holdings Corporation (XRX) shares have had an impressive run over the past year, gaining 21%.Xerox yesterday revealed its plan to shift operations in Peru and Ecuador to Productive Business Solutions (PBS), a longstanding partner of the company. The financial terms of the deal have been kept under wraps.As part of the deal, Xerox's staff in Peru and Ecuador will transition to PBS, which will then serve as the exclusive distribution partner for Xerox in these regions. The transaction is anticipated to ...

NORWALK, Conn.--(BUSINESS WIRE)--Xerox Holdings Corporation (NASDAQ: XRX) (“Xerox Holdings”) today announced the consideration payable in connection with the previously announced cash tender offers for the 2024 Notes and 2025 Notes (each as defined below). The table below sets forth the Total Consideration (as defined below) for each series of Notes. Title of Security CUSIP Number Principal Amount Outstanding U.S. Treasury Reference Security Bloomberg Reference Page Fixed Spread Early T ...

NORWALK, Conn.--(BUSINESS WIRE)--Xerox Holdings Corporation (NASDAQ: XRX) (“Xerox Holdings”) today announced the early tender results for the previously announced cash tender offers for the 2024 Notes and 2025 Notes (each as defined below). The tender offers are being made pursuant to the terms and conditions set forth in the offer to purchase, dated March 4, 2024, as amended by Xerox Holdings’ press release dated March 5, 2024, (as so amended, the "Offer to Purchase"). The tender offers comprise (i) Xer ...

Xerox Holdings Corporation (XRX) has had an impressive run over the past year, gaining 11.7%.The company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, with an average surprise of 64.8%. Its bottom line is benefiting from "Project Own It," an enterprise-wide transformation initiative aimed at increasing productivity and operational efficiency, reducing costs, as well as realigning the business to changing market conditions."Project Own It” is contributing significantly ...