Workplace technology company Xerox Holdings Corp. (XRX) reported Tuesday that net income for the third quarter declined to $90 million or $0.41 per share from $221 million or $0.68 per share in the year-ago quarter.
Excluding items, adjusted earnings for the quarter were $0.48 per share, compared to $0.80 per share last year.
Revenue for the quarter declined 18.9 percent to $1.77 billion from $2.18 billion in the same period last year.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.24 per share on revenues of $1.60 billion for the year. Analysts' estimates typically exclude special items.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.