The following is an earnings summary for Xerox Holdings Corporation (XRX):
In the fourth quarter (Q4), Xerox reported a loss of $61 million. This represents a significant drop in comparison to the same period last year, where they had profits of $118 million. The Earnings per Share (EPS) also fell considerably, with -$0.50 in Q4 versus the $0.74 of last year's same period. However, after adjusting for certain items, Xerox's adjusted earnings amounted to $56 million or $0.43 per share for the duration.
Analysts had predicted an EPS of $0.53 for this period. The corporation's revenue also saw a decrease, with figures indicating $1.77 billion in Q4 as opposed to $1.94 billion in the equivalent period the previous year.
