Xerox Holdings Corporation Exceeds Q3 Earnings and Revenue Estimates
Xerox Holdings Corporation (XRX) reported third-quarter financial results that surpassed analyst expectations for both top-line revenue and bottom-line earnings per share. Despite a 4.6% year-over-year decline in total revenue to $1.87 billion, the company's profitability improved significantly, driven by an increase in adjusted operating income. The company reported non-GAAP EPS of $0.02, beating estimates by $0.14. Adjusted operating income rose to $124 million, a year-over-year increase of $59 million, which expanded the adjusted operating margin to 6.6%. Following these results, Xerox has provided an updated outlook for fiscal year 2026.
Tickers: $XRX
Topics: earnings beat operating income profitability revenue report