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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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.