07:35 AM EDT, 10/29/2024 (MT Newswires) -- Xerox Holdings ( XRX ) reported Q3 adjusted earnings Tuesday of $0.25 per diluted share, down from $0.46 a year earlier.

Analysts polled by Capital IQ expected $0.51.

Revenue for the quarter ended Sept. 30 was $1.53 billion compared with $1.65 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.63 billion.

For the full year, Xerox said it now expects revenue to decline 10% in constant currency, compared with its previous outlook for a drop of 5% to 6%. Analysts polled by Capital IQ estimate $6.42 billion.

The company said it lowered its revenue guidance "to reflect additional reductions in non-strategic revenue and lower-than-expected equipment sales."

Shares of Xerox were down 14% in recent Tuesday premarket activity.

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