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Home / COVID-19 Coverage / Xerox reports drop in Q1 earnings, withdraws fiscal guidance amid pandemic upheaval (access required)

Xerox reports drop in Q1 earnings, withdraws fiscal guidance amid pandemic upheaval (access required)

Xerox Holdings Corp. on Tuesday reported a $320 million drop in first-quarter revenue and a 45-cent decline in earnings, missing Street estimates for EPS. The document company also withdrew its guidance for fiscal 2020 due to economic uncertainty surrounding the COVID-19 pandemic. For the quarter ended March 31, the Norwalk, Conn.-based manufacturer reported revenue of $1.86 ...
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