Xerox Holdings Corp. (XRX) reported Thursday wider net loss in its first quarter on higher expenses, despite growth in revenues. Further, the firm maintained fiscal 2026 outlook.
In pre-market activity on the Nasdaq, the shares were gaining around 5.1 percent to trade at $1.6500, after closing Wednesday's regular trading 1.2 percent lower.
Looking ahead for fiscal 2026, the company continues to project adjusted operating income of $450 million to $500 million and revenues above $7.5 billion.
In fiscal 2025, adjusted operating income was $248 million and revenues were $7.02 billion.
In the first quarter, net loss attributable to Common Shareholders was $195 million or $0.84 per share, compared to loss of $94 million or $0.75 per share a year ago.
Normalized adjusted net loss was $10 million or $0.11 per share, compared to loss of $7 million or $0.09 per share last year.
Adjusted net loss was $51 million or $0.43 per share, compared to loss of $4 million or $0.06 per share in thr prior year.
Revenue for the quarter climbed 26.7 percent to $1.85 billion from last year's $1.46 billion. On a constant currency basis, revenues were 23.6 higher, while pro forma revenue was down 3.7 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.