Recap: Xerox Holdings Q3 Earnings

Shares of Xerox Holdings XRX rose 1.5% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 55.56% over the past year to $0.48, which beat the estimate of $0.24.

Revenue of $1,767,000,000 declined by 19.68% year over year, which beat the estimate of $1,600,000,000.

Guidance

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

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

Price Action

52-week high: $39.47

52-week low: $14.22

Price action over last quarter: Up 19.10%

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 the U.S., 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.