Kyocera Reports Lower First Half, Second-Quarter Results
For its Document Solutions Group, sales revenue was down 22.3 percent year-over-year.
Category: Financial News
OKI Reports First Half, Second-Quarter Financial Results
OKI also announced a Mid-Term Business Plan, and that OKI Data Corporation, which operates the printer business, will be merged into OKI Electric Industry Company.
Xerox’s Third-Quarter Revenues, Earnings Increase Versus Second Quarter
Xerox noted that as more businesses re-opened in the third quarter, it saw print volumes and printer demand increase compared to the second quarter.
Sales, Income Down for Canon’s Third Quarter, But Raises Forecast
Inkjet-printer sales were significantly higher versus third-quarter 2019, due to a recovery in demand in some emerging economies on top of demand for remote working and education in developed countries and China.
Fitch Affirms Xerox Rating, But Forecasts Minimal Revenue Improvement
“Xerox’s core business may not recover from the coronavirus pandemic,” the agency stated, noting that Xerox revenues have averaged a 6-percent decline over the past two and a half years before plunging 35 percent in second-quarter 2020.
Moody’s Issues Latest Investment Rating for Xerox
On September 29th, Moody’s Investors Service reported that it’s completed a periodic review of its investment ratings for Xerox Holdings.......
OKI Provides More Details on Americas’ Exit
OKI will continue to supply consumables, parts, and warranty service…Its goal is to minimize any disruptions and keep the OKI machines-in-field productive for years to come.
Earnings Down for Ninestar’s First Half, But Home-Printer Sales Up
Ninestar Corporation of Zhuhai, China, has released financial results for the first half of its fiscal year, January to June......
HP Inc. Announces Third-Quarter Results
Personal System revenue gains – with Consumer PC revenue up 42 percent – offset a sharp decline in printer revenue.
U.S. Trade Rep Slams Kodak – But Was PR Error to Blame?
For those following the Eastman Kodak alleged insider-trading story, this week, U.S. Trade Advisor Peter Navarro slammed Kodak executives in...
Revenue Down, but Net Income up for Fujifilm’s Latest Quarter
The firm also provided updates on its development of a COVID-19 treatment and vaccine.
Sales, Profits, Plunge for Toshiba TEC’s First Quarter
On August 11th, Toshiba TEC of Tokyo, Japan, reported results for its fiscal first quarter, which consisted of the three......
Carl Icahn Increases Stake in Xerox
Billionaire investor Carl Ichan, who was behind the failed Xerox takeover of HP Inc., has increased his stake in Xerox.......
Government Puts Controversial $765 Million Kodak Loan on Hold
On August 7th, the U.S. International Development Finance Corporation stated that it’s putting its proposed loan of $765 million to...
Moody’s Revises Xerox Credit Ratings
“We expect revenue and EBITDA to continue declining for the remainder of 2020 followed by a return to growth in 2021.”
Fitch Ratings Revises Xerox Credit Rating
The firm noted that Xerox equipment sales, which fell 38 percent, may recover as postponed demand is ultimately fulfilled, but that lost post-sale revenue, which declined 34 percent, will likely not be recovered.
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