Stock Analysis
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- NasdaqGS:XRX
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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About NasdaqGS:XRX
Xerox Holdings
Operates as a workplace technology company that integrates hardware, services, and software for enterprises in the Americas, Europe, the Middle East, Africa, India, and internationally.