Xerox Holdings (NASDAQ:XRX) First Quarter 2024 Results
Key Financial Results
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Revenue: US$1.50b (down 12% from 1Q 2023).
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Net loss: US$117.0m (down by 275% from US$67.0m profit in 1Q 2023).
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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% pa 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 8.8% from a week ago.
Risk Analysis
Don’t forget that there may still be risks. For instance, we’ve identified 2 warning signs for Xerox Holdings (1 is concerning) you should be aware of.
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