Loading...
Loading...
- Xerox Holdings Corp XRX reported a fourth-quarter FY21 sales decline of 7.9% year-on-year, to $1.78 billion, missing the consensus of $1.82 billion.
- Adjusted EPS of $0.34 beat the consensus of $0.33.
- Equipment sales declined 24.7% Y/Y, while Post sale revenue decreased 1.9% Y/Y.
- Sales in the Americas declined 9.3% Y/Y, and EMEA decreased 5.8%.
- Margins: The gross margin contracted 330 basis points Y/Y to 32.9%. The adjusted operating margin shrank 470 basis points to 4.8%.
- Xerox held $1.9 billion in cash and equivalents. Operating cash flow amounted to $198 million during the quarter.
- Outlook: Xerox expects to grow revenue in 2022. The company sees FY22 revenue of $7.1 billion in actual currency versus the consensus of $7 billion.
- Price Action: XRX shares traded lower by 0.38% at $20.90 in the premarket session on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in