Shares of Xerox Holdings Corporation (XRX), a print and digital document products and services provider, are rising more than 13% Tuesday morning after the company turned to profit in the first quarter, better than analysts' view.
The company reported a pre-tax income of $85 million for the first quarter compared with a loss of $89 million last year.
Earnings per share was $0.43 compared with a loss per share of $0.38 a year ago.
Excluding one-time items, earnings were $0.49 per share, that beat the average estimate of analysts polled by Thomson-Reuters of $0.17 per share.
Revenue for the quarter increased 2.8% year-on-year to $1.72 billion, that met the consensus estimate.
Looking forward to the full year, the company expects flat to down low-single-digits growth in revenue in constant currency. Analysts see 1.6% decline in revenue.
XRX is at $15.43 currently. It has traded in the range of $11.80-$19.40 in the last 52 weeks.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.