Xerox Holdings Corp shares are trading lower after the company reported worse-than-expected Q1 results and reiterated FY24 guidance.
Portfolio Pulse from Benzinga Newsdesk
Xerox Holdings Corp's shares declined following the announcement of disappointing Q1 results and the reiteration of its FY24 guidance.
April 23, 2024 | 10:39 am
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NEGATIVE IMPACT
Xerox Holdings Corp's shares fell due to poor Q1 performance and unchanged FY24 guidance.
The decline in Xerox Holdings Corp's stock price is directly attributed to the company's worse-than-expected Q1 results, which typically leads to a negative investor sentiment. Additionally, the reiteration of FY24 guidance, without any positive adjustments, may have further dampened investor enthusiasm, suggesting that the company does not foresee a significant near-term improvement.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100