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home / news releases / xerox holdings hitting fy24 guide seems unlikely


XRX - Xerox Holdings: Hitting FY24 Guide Seems Unlikely

2024-04-25 07:23:49 ET

Summary

  • XRX is expected to miss its FY24 guidance due to fundamental challenges and a lack of positive turnaround in its core print business.
  • The company's 1Q24 performance was poor, with declining revenues and missed earnings estimates.
  • The guidance for revenue growth and EBIT margin expansion for the rest of the year is unlikely to be achieved, leading to a further decline in valuation.

Summary

For further details see:

Xerox Holdings: Hitting FY24 Guide Seems Unlikely
Stock Information

Company Name: Xerox Holdings Corporation
Stock Symbol: XRX
Market: NYSE
Website: xerox.com

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