Xerox Releases Third-Quarter Results

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Xerox (XRX) PT Lowered to $7 at Citi

October 30, 2024 6:49 AM EDT

Citi analyst Asiya Merchant lowered the price target on Xerox (NASDAQ: XRX) to $7.00 (from $10.50) while maintaining a Sell rating.

The analyst comments "Xerox missed estimates and lowered FY24E guide as continued restructuring actions, product launch delays, salesforce issues negatively impacted 3Q... More

Xerox Corp. (XRX) Misses Q3 EPS by 26c, Misses on Revenue; Offers Guidance

October 29, 2024 6:34 AM EDT

Xerox Corp. (NASDAQ: XRX) reported Q3 EPS of $0.25, $0.26 worse than the analyst estimate of $0.51. Revenue for the quarter came in at $1.53 billion versus the consensus estimate of $1.63 billion.

2024 Guidance Update

Revenue: from a decline of 5% to 6% in constant currency1 to a decline of around... More