2Q22 Xerox lost $4M or 5 cents a share compared to last year where they posted a profit of $91M or 46 cents a share
Rev down 2.6% in 2Q22
XRX down ~ 31% in 2022, while S&P 500 has declined ~ 17%
12 replies (most recent on top)
Stock is up cuz market is up.
These replies need a 😅🤣 emogi button
Stock going up 🤣😂😅🤣😂
The stock is going up. Just a question of days before it reaches the $40 that CI promised. Or maybe not, given that this was based on a basic math error made by a junior financial analyst on the JV/CI team. When that junior person was informed of the mistake, he said something like: "oh yeah, that's bad." Nice how this was never communicated to the poor id--ts who bought the stock when it was in the mid $30.
Stock is going up so you can lose your tone. Rebound time, JV inherited a mismanaged dump from the previous regime and did the best he could those old shoes.
Nobody should be surprised by the poor quarter 2 just like nobody should be surprised by how impressive quarter 3 will be. With the numbers I'm seeing the sky is NOT the limit, team.
Perhaps earnings should be compared to the market in general? How did competitors perform? X sucking means nothing if their competition also sucks.
Another Q reporting EPS loss, yet X will borrow some money to pay for Uncle Carl dividends.
Y’all gonna be fired !
Does anyone really expect the news to be good ..Can’t put lipstick on this pig !
Negative cashflow will quickly drain the coffers. We are staring at a bankruptcy looming.
Stock is up because guidance was reiterated, we will pay in cuts to hit those goals
Yet the market says "Cool, let's bump up Xerox stock 4+ percent"
Negative cash flow is even more alarming, next 2 quarters will be brutal as management will need to use every lever they have to cut cost and stem cash flow, to meet their guidance.