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Xerox revenue ticks up slightly Earnings reports 

Xerox revenue ticks up slightly

GaryPageau
Xerox Holdings Corp. announced its 2022 fourth-quarter and full-year results and guidance for 2023. For the fourth quarter, the company reported revenue of $1.94 billion, up 9.2 percent year-over-year or up 13.9 percent in constant currency. For the full year, Xerox had revenue of $7.11 billion, up 1.0 percent year-over-year, or up 4.8 percent in constant currency. “Resilient demand and... Read More
Snap reports revenue increased 12% but losses continue Earnings reports News 

Snap reports revenue increased 12% but losses continue

GaryPageau
Snap Inc. announced financial results for the quarter and full year that ended Dec. 31, 2022. The company’s revenue increased 12% to $4.6 billion in 2022, compared to the prior year. The net loss was $1,430 million in 2022, including restructuring charges of $189 million, compared to $488 million in 2021. “We ended a challenging 2022 with 375 million Daily... Read More
Moonpig reports flat growth but anticipates a big year Earnings reports 

Moonpig reports flat growth but anticipates a big year

GaryPageau
U.K. personalized card company Moonpig Group said revenue was flat year-on-year reflecting annualization against the prior year’s sales impact from lockdown restrictions, offset in part by first-time consolidation of £11.7 million revenue from its Experiences brands (Red Letter Days and Buyagift). The company lauded its revenue growth of 115.4% on a three-year basis against pre-Covid comparatives for H1 FY20. The... Read More
ME Group upgrades outlook Earnings reports 

ME Group upgrades outlook

GaryPageau ,
U.K. instant-services company ME Group International plc (formerly known Photo-Me International) reports continued positive trading momentum and has upgraded its FY22 outlook.  The company said the group’s first-half performance was ahead of expectations, with a strong recovery seen across Continental Europe. This positive trading momentum continued throughout the second half, with stronger consumer demand for all the group’s services. Trading... Read More
Nikon reports second-quarter net profit of ¥7 billion Earnings reports 

Nikon reports second-quarter net profit of ¥7 billion

GaryPageau
Nikon Corp. reported a net profit of ¥7 billion for the second quarter ending Sept. 30, 2022, a decline from the year-ago profit of ¥10.6 billion. For the second quarter, revenues rose 1.4% year over year to ¥142.7 billion.   Imaging Products, which is 37.4% of Nikon’s total revenues, had revenues rose 36% year-over-year to ¥53.3 billion in the reported... Read More
Fujifilm Holdings reports second-quarter net income of ¥53.8 billion Earnings reports 

Fujifilm Holdings reports second-quarter net income of ¥53.8 billion

GaryPageau
FUJIFILM Holdings Corporation reported a net income of ¥53.8 billion in the second quarter ending Sept. 30, 2022, compared with ¥39 billion in the year-ago quarter. Revenues of ¥724 billion increased 16.3% year over year, with the gains driven by growth in Medical Systems, Electronic Materials, and Imaging business segments. Segment Details For the second quarter (ended Sep 30, 2022),... Read More
Profoto reports third-quarter sales up 24 percent Earnings reports News 

Profoto reports third-quarter sales up 24 percent

GaryPageau
Profoto Holding AB reported third-quarter sales of SEK 235 million, representing growth of 24 percent compared to the corresponding quarter last year. Organic sales growth totaled 6.5 percent for the quarter and 5.1 percent for the year, the company said, adding the component delivery issues reported for the second quarter have been resolved. Year-to-date sales are SEK 618 million, an... Read More
Xerox reports improved revenues but earnings still challenged Earnings reports News 

Xerox reports improved revenues but earnings still challenged

GaryPageau
Xerox Corp. reports third-quarter revenue was down 0.4 percent year-over-year to $1.75 billion and GAAP (loss) earnings per share (EPS) of $(2.48), down $2.96 year-over-year. “Over the past few months, I’ve met in-person with customers, partners and employees across the globe and I’ve gained greater insight into the range of opportunities we have to grow our business,” said Steve Bandrowczak, chief executive... Read More
Bloomberg reports insiders claim Shutterfly lost $45-$55 million in 3Q Earnings reports News 

Bloomberg reports insiders claim Shutterfly lost $45-$55 million in 3Q

GaryPageau , ,
Bloomberg reports leading photo products retailer Shutterfly LLC released preliminary third-quarter earnings reflecting steeper losses than last year, according to people with knowledge of the private results in the article. The Apollo Global Management-backed company booked a preliminary loss of $45 million to $55 million before interest, taxes, depreciation, and amortization, said the source, who asked not to be identified because... Read More