Xerox Holdings Corp. (NASDAQ:XRX) shares tumbled sharply on Thursday after the company reported a wider-than-expected loss for the fiscal second quarter of 2025 and significantly lowered its full-year guidance, raising concerns about the pace and impact of its ongoing strategic overhaul.
The document management and technology services provider posted a modest 0.1% year-over-year decline in revenue to $1.58 billion, slightly ahead of the consensus estimate of $1.55 billion. On a constant currency basis, revenue fell 1.1%.
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