Xerox Corp. (XRX) Misses Q4 EPS by 10c
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Xerox Releases Fourth-Quarter and Full-Year Results
January 25, 2024 6:30 AM ESTAchieved adjusted operating margin and free cash flow guidance in 2023; Guiding to another year of meaningful growth in adjusted operating income
Financial Summary
Q4 2023
Revenue of $1.77 billion, down 9.1 percent year-over-year or down 10.6 percent in constant currency. GAAP net loss of $(58) million, or $(0.50) per share, down $179 million or $1.24 per share, year-over-year, respectively. This quarter includes an after-tax Restructuring and related costs, net charge of $78 million, or $0.62 per share, related to the recently announced workforce reduction. Adjusted net income of $56 million, or $0.43 per share, down $90 million or $0.46 per share, year-over-year, respectively. Adjusted... More