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.
 
Comments:
LATEST USED EQUIPMENT | RSS
Total Used Equipment Listings: 17
CLICK HERE to list your equipment
CLASSIFIED | RSS
Company for sale
Company wanted
CLICK HERE to list your business opportunity in the printing industry
Most Recent News Comment
Randy says:
We've received the Amazon as well as two other print catalogues and my daughter is loving to sit on ...
North Island Publishing PrintCAN Print Jobs Canada’s Estimators' & Buyers' Guide MastheadOnline PaperFinder Print World 2010 Design City
Graphic Monthly Print Equipment gutenbergs' guide COPA industrial print