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Xerox Holdings Expects FY23 Revenues To Decline In Constant Currency - Update
(RTTNews) - While reporting financial results for the third quarter on Tuesday, workplace technology company Xerox Holdings Corp. (XRX) said it expects revenues for the full-year 2023 to be flat to down low-single-digits in constant currency.
On average, three analysts polled by Thomson Reuters expect a revenue decline of 1.4 percent to $7.01 billion for the year.
The company also announced reinvention to drive sustainable profit improvement and revenue growth. It expects to deliver improvement in adjusted operating income of at least $300 million by 2026.
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Xerox Shares Hit On Cautious Outlook After Q3 Miss Street
Shares of Xerox Holdings Corp. were plunging around 21 percent in the early morning trading on the Nasdaq, as the workplace technology company trimmed its fiscal 2024 margin and revenue forecast, after reporting a hefty loss in its third quarter, compared to prior year's profit, with weak revenues. Adjusted earnings and top line missed market estimates.
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Xerox Holdings Reaffirms FY24 Revenues Outlook - Update
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Xerox Holdings Confirms Steven Bandrowczak As CEO
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Japan Stock Market May Extend Winning Streak
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South Korea Industrial Output Adds 0.3% In July
Industrial production in South Korea was up a seasonally adjusted 0.3 percent on month in July, Statistics Korea said on Friday.
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KOSPI May Break Through 3,200-Point Level
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Japan Data On Tap For Friday
Japan is scheduled to release a batch of data on Friday, headlining a busy day for Asia-Pacific economic activity. On tap are July figures for unemployment, industrial production, retail sales, housing starts and construction orders, as well as August data for household confidence and Tokyo inflation.
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Euro Climbs Against Majors
The euro firmed against its major counterparts in the New York session on Thursday.
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