Xerox Holdings Q2 2024 Adj EPS $0.29 Misses $0.43 Estimate, Sales $1.578B Miss $1.600B Estimate
Portfolio Pulse from Benzinga Newsdesk
Xerox Holdings reported Q2 2024 adjusted EPS of $0.29, missing the estimate of $0.43. Sales were $1.578 billion, also missing the estimate of $1.600 billion.
July 25, 2024 | 10:31 am
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Xerox Holdings reported Q2 2024 adjusted EPS of $0.29, missing the estimate of $0.43. Sales were $1.578 billion, also missing the estimate of $1.600 billion. This underperformance is likely to negatively impact the stock price in the short term.
The company's earnings and sales both missed analyst estimates, which is typically viewed negatively by investors. This underperformance is likely to result in a short-term decline in the stock price as market participants adjust their expectations.
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RELEVANCE 100