Categories Earnings, Technology

Xerox Holdings (XRX): Q4 2019 Earnings Snapshot

Earnings Update by AlphaStreet

— Xerox Holdings Corporation (NYSE: XRX) reported Q4 2019 earnings of $1.33 per share, vs. $1.11 expected.

— Revenues fell 2.2% to $2.44 billion, vs. $2.41 billion expected.

— Equipment sales fell 2.1% to $616 million.

— Post sale revenue dropped 2.2% to $1.82 billion.

— FY2020 revenue is expected to decline approx. 4% at constant currency.

— FY2020 GAAP EPS from continuing operations is expected to be $2.80-2.90.

— FY2020 adjusted EPS is expected to be $3.60-3.70.

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