Xerox Holdings First Quarter 2024 Earnings: US$0.94 loss per share (vs US$0.43 profit in 1Q 2023)

Xerox Holdings (NASDAQ:XRX) First Quarter 2024 Results

Key Financial Results

• Revenue: US$1.50b (down 12% from 1Q 2023).
• Net loss: US$117.0m (down by 275% from US$67.0m profit in 1Q 2023).
• US$0.94 loss per share (down from US$0.43 profit in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Xerox Holdings Earnings Insights

Looking ahead, revenue is expected to decline by 2.0% p.a. on average during the next 3 years, while revenues in the Tech industry in the US are expected to grow by 4.8%.

Performance of the American Tech industry.

The company's shares are down 11% from a week ago.

Risk Analysis

Be aware that Xerox Holdings is showing 2 warning signs in our investment analysis and 1 of those doesn't sit too well with us...

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.