Why Xerox Stock Popped 13% on Thursday
XRXXerox Holdings(XRX) The Motley Fool·2024-01-26 02:33

Xerox Holdings (XRX 11.56%) shares powered 12.6% higher through 12:20 p.m. ET on Thursday, despite missing analyst targets for both sales and earnings. Heading into its fiscal Q4 report, analysts had predicted this office printer company would suffer a steep decline in earnings versus last year -- and they were right. Instead of the 0.89pershareadjustedprofitthatXeroxearnedinQ42022,thecompanyreportedjust0.89 per-share adjusted profit that Xerox earned in Q4 2022, the company reported just 0.43 per share in adjusted earnings this time around. That was a decline of more than ha ...