Earnings Highlights for Xerox Holdings Corporation (XRX):
In the fourth quarter, Xerox Holdings Corporation reported a net loss of $21 million, an improvement from the net loss of $58 million recorded in the same quarter of the previous year. The earnings per share (EPS) were -$0.20 for Q4, compared to -$0.50 in the same period last year. On an adjusted basis, excluding certain items, the company reported earnings of $49 million, or $0.36 per share for the quarter.
This performance was below analysts' expectations, who had projected earnings of $0.49 per share. Revenue for the fourth quarter was $1.613 billion, compared to $1.765 billion in the same period last year.
