Xerox Holdings Q4 Adj EPS $0.43 Misses $0.53 Estimate, Sales $1.76B Miss $1.79B Estimate
Portfolio Pulse from Benzinga Newsdesk
Xerox Holdings (NASDAQ: XRX) reported Q4 adjusted EPS of $0.43, missing the consensus estimate of $0.53, and sales of $1.76B, missing the $1.79B estimate. This reflects a 51.69% decrease in EPS and a 9.07% decrease in sales from the same period last year.
January 25, 2024 | 11:31 am
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Xerox Holdings reported a significant miss in Q4 earnings and sales, with a notable year-over-year decline in both metrics.
Missing both earnings and sales estimates, especially with such a large year-over-year decline, is typically seen as a negative indicator for a company's financial health and often results in a negative short-term impact on the stock price.
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