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

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

Xerox Releases Third-Quarter Results

October 29, 2024 6:30 AM EDT

Reinvention drives increased profitability despite a challenging quarter for equipment sales; pending acquisition of ITsavvy to improve revenue mix from higher growth businesses

Financial Summary
Q3 2024

Revenue of $1.53 billion, down 7.5 percent, or 7.3 percent in constant currency. GAAP net (loss) of $(1.2) billion, or $(9.71) per share, a decrease of $1.3 billion or $9.99 per share, year-over-year, respectively. This quarter includes an after-tax non-cash goodwill impairment charge of $1.0 billion, or $8.16 per share and a charge to tax expense related to the establishment of a valuation allowance of $161 million, or $1.29 per... More