Xerox Shares Tumble After 4Q Adj. Earnings Miss Expectations

Dow Jones01-28

By Denny Jacob

Xerox Holdings shares tumbled after one metric from its quarterly results missed Wall Street's estimates.

Shares lost 13% to $8.46 in mid-morning trading. The stock is down 56% over the last year.

The Norwalk, Conn., photocopier maker said Tuesday that it logged adjusted earnings per-share of 36 cents, below analysts' estimates of 53 cents a share.

The company narrowed its loss and posted higher-than-expected revenue in the quarter as well.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

January 28, 2025 10:13 ET (15:13 GMT)

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