30 October 2024
Xerox Reports Another Loss And It's Shares Tank
ROCHESTER . NEW YORK—
Xerox has stop making its iGen5 and Nuvera digital presses because they are not profitable
Xerox has stop making its iGen5 and Nuvera digital presses because they are not profitable
 Xerox's results for the three months ended 30 September Xerox reported sales down 7.5% at $1.53 billion. This was the seventh consecutive quarter where sales have fallen. Sales Xerox's major business unit, Print & Other, were down 7.5% at nearly $1.46 billion. Adjusted operating margins increased to 5.2% from 4.1%. The net loss was $1.2 billion.
Xerox Pulled out of Drupa the worlds largest printing show in May 2024
Xerox Pulled out of Drupa the worlds largest printing show in May 2024
Shares in Xerox have tanked after the group missed its quarterly sales forecasts again, and downgraded its outlook for this year and beyond. Xerox’s share price fell to a 52-week low of $8.02 on the earnings announcement from a high of $19.78. The shares have lost more than 50% of their value since the beginning of the year.
 
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