Xerox Holdings Third Quarter 2024 Earnings: US$9.71 loss per share (vs US$0.29 profit in 3Q 2023)

Xerox Holdings (NASDAQ:XRX) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.53b (down 7.5% from 3Q 2023).
• Net loss: US$1.21b (down from US$45.0m profit in 3Q 2023).
• US$9.71 loss per share (down from US$0.29 profit in 3Q 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 2.8% p.a. on average during the next 3 years, while revenues in the Tech industry in the US are expected to grow by 7.6%.

Performance of the American Tech industry.

The company's shares are down 18% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for Xerox Holdings (2 make us uncomfortable!) that you need to take into consideration.

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