Xerox Holdings Corp. (XRX), while reporting narrower loss in its third quarter with revenues below the Street, on Thursday trimmed its fiscal 2025 margin and revenue growth forecast.
In pre-market activity on the Nasdaw, the shares were losing around 6.7 percent to trade at $3.20.
For fiscal 2025, the company now expects 13% revenue growth in constant currency, lower than previously expected growth of 16% to 17%.
Adjusted Operating Margin for the year is now expected to be around 3.5%, compared to previous estimate of around 4.5%.
In its third quarter, net Loss attributable to Common Shareholders narrowed to $764 million from $1.21 billion in the same period last year. Loss per share was $6.01, compared to loss of $9.71 a year ago.
Adjusted earnings were $27 million or $0.20 per share for the period, compared to $0.25 per share last year.
The Wall Street analysts on average expected the company to report loss of $0.18 per share. Analysts' estimates typically exclude special items.
Total revenues grew to $1.961 billion from $1.528 billion in the same period last year. The Street expected revenues of $2.04 billion for the quarter.
Sales surged to $993 million from $588 million a year ago.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.