Xerox Holdings Corporation XRX reported mixed fourth-quarter 2020 results, with earnings missing the Zacks Consensus Estimate but revenues beating the same.Adjusted earnings per share of 58 cents missed the consensus mark by 3.3% and declined 56.4% year over year. Total revenues of $1.93 billion surpassed the consensus mark by 1.9% but declined 21% year over year on a reported basis and 22.3% on a constant-currency basis. The coronavirus pandemic had a significant negative impact on the company’s quarterly results.Notably, the company’s shares have slumped 40.8% over the past year compared with a 1.7% decline for the industry.Other Quarterly DetailsEquipment sales revenues totaled $510 million, down 17.2% year over year on a reported basis and 18.8% on a constant-currency basis, contributing 26% to total revenues. Post-sale revenues totaled $1.42 billion, down 22.3% year over year on a reported basis and 23.5% on a constant-currency basis, contributing 74% to total revenues.Adjusted operating profit of $184 million declined more than 100% year over year. Adjusted operating margin shrunk 730 basis points year over year to 9.5%. Selling, administrative and general expenses, as a percentage of revenues, increased 1.7% year over year to 25.1%. Research, development and engineering expenses, as a percentage of revenues, came in at 22.8%, up from the year-ago quarter’s 20.9%.Xerox exited the quarter with cash, cash equivalents and restricted cash balance of $2.7 billion compared with $3.3 billion at the end of the prior quarter. Long-term debt was $4.1 billion compared with $3.8 billion at the end of the previous quarter.The company generated $235 million of cash from continuous operations and free cash flow was $221 million.2021 GuidanceXerox expects revenues to grow 2.5% on a constant-currency basis. Cash from continuous operations and free cash flow are anticipated to be $600 million and $500 million, respectively.Xerox currently carries a Zacks Rank #5 (Strong Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Upcoming ReleasesInvestors interested in the broader Zacks Business Services sector are keenly awaiting fourth-quarter 2020 earnings reports of key players like Waste Connections WCN, Waste Management WM and Republic Services RSG. While Waste Connections will release earnings on Feb 17, Waste Management and Republic Services will report the same on Feb 18 and Feb 22, respectively.Just Released: Zacks’ 7 Best Stocks for TodayExperts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.4% per year. These 7 were selected because of their superior potential for immediate breakout.See these time-sensitive tickers now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Waste Management, Inc. (WM): Free Stock Analysis Report Republic Services, Inc. (RSG): Free Stock Analysis Report Xerox Corporation (XRX): Free Stock Analysis Report Waste Connections, Inc. (WCN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research