Recap: Xerox Q2 Earnings

Shares of Xerox Holdings XRX fell 3% after the company reported Q2 results.

Quarterly Results

Earnings per share were down 84.85% over the past year to $0.15, which may not compare to the estimate of ($0.03).

Revenue of $1,465,000,000 decreased by 36.00% year over year, which missed the estimate of $1,520,000,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Xerox Holdings hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Jul 28, 2020

Time: 08:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/r83pz9wj

Recent Stock Performance

Company's 52-week high was at $39.47

Company's 52-week low was at $14.22

Price action over last quarter: down 18.09%

Company Description

Xerox is an original equipment manufacturing and software company. Xerox operates in one segment--design, development and sale of printing technology and related solutions--while deriving 60% of its revenue from North America, and 40% from international markets. The company is an OEM of multifunction printers, or MFPs (printers that can print, copy and scan), focusing on large enterprise markets. Apart from equipment, the company provides post sales services like managed print services--a service that helps to bring smart servicing and efficiencies to how employers use their print/copy equipment. Xerox is attempting to enter new markets like digital print packaging solutions and printed electronics.