Why Xerox Stock Fell 14.5% on Tuesday Morning
Xerox Holdings(XRX) The Motley Fool·2024-04-23 16:41
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 ...