Xerox Q3 2024 Adj EPS $0.25 Misses $0.51 Estimate, Sales $1.53B Miss $1.63B Estimate
Portfolio Pulse from Benzinga Newsdesk
Xerox Holdings (NASDAQ:XRX) reported Q3 2024 earnings of $0.25 per share, missing the analyst estimate of $0.51. Sales were $1.53 billion, below the expected $1.63 billion. Both earnings and sales decreased compared to the same period last year.
October 29, 2024 | 10:31 am
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Xerox's Q3 2024 earnings and sales both missed analyst estimates, with EPS at $0.25 vs. $0.51 expected and sales at $1.53B vs. $1.63B expected. This represents a significant year-over-year decline.
Xerox's earnings and sales both missed analyst expectations significantly, which is likely to negatively impact the stock price in the short term. The year-over-year decline in both metrics further exacerbates the negative sentiment.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100