By Rob Curran
Xerox's third-quarter loss narrowed on revenue growth that was bolstered by the recent acquisition of rival printer maker Lexmark, but the photocopier maker cut its projection for key measures of sales and profitability in 2025.
The maker of printers and copiers logged a net loss of $760 million, or $6.01 a share, compared with a loss of $1.21 billion, or $9.71 a share, a year earlier.
Stripping out certain one-off items, Xerox logged earnings of 20 cents a share.
Revenue rose 28% to $1.96 billion.
The iconic photocopier maker cut its 2025 projection for revenue growth in constant currency to 13% from a previous projection of 16% to 17%.
Xerox also cut its operating margin projection for the year to around 3% from 4.5%.
The company said it was making "operational progress toward" a 2026 profit, despite macroeconomic headwinds in 2025. The company's integration of Lexmark, a rival it acquired in July, is ahead of schedule and it increased its forecast for synergies, or savings from the union, by $50 million to $300 million.
Shares of Xerox fell 5.5% to $3.24 premarket.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
October 30, 2025 07:25 ET (11:25 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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