Xerox Holdings Q1 2024 Adj EPS $0.06 Misses $0.35 Estimate, Sales $1.502B Miss $1.534B Estimate
Portfolio Pulse from Benzinga Newsdesk
Xerox Holdings (NASDAQ:XRX) reported Q1 2024 earnings of $0.06 per share, missing the $0.35 estimate, and sales of $1.502B, missing the $1.534B estimate. This represents a significant decrease in both earnings and sales compared to the same period last year.
April 23, 2024 | 10:32 am
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Xerox Holdings reported significantly lower Q1 2024 earnings and sales, missing analyst estimates. Earnings per share were $0.06, compared to the $0.35 estimate, and sales were $1.502 billion, missing the $1.534 billion estimate.
The significant miss in both earnings per share and sales compared to analyst estimates, along with a substantial decrease from the previous year's figures, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100