Aug. 4 at 4:36 PM
$XRX earnings miss and stock slide — is the worst yet to come? 📉
Xerox reported a Q2 adjusted loss of 64 cents per share, missing the Zacks Consensus Estimate of 10 cents, while revenues lagged and declined YoY. Shares have dropped 59.5% over the past year compared to the Office Supplies industry’s 42.4% decline and the 20.8% rise of the S&P 500.
Full earnings breakdown here 👉 https://www.zacks.com/stock/news/2662582/xerox-holdings-stock-declines-28-since-q2-earnings-miss?cid=sm-stocktwits-2-2662582-body-5773&ADID=SYND_STOCKTWITS_TWEET_2_2662582_BODY_5773