SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Xerox Holdings Corporation - XRX

PRNewswire 10-Nov-2024 12:00 PM

NEW YORK, Nov. 10, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Xerox Holdings Corporation ("Xerox" or the "Company") (NASDAQ:XRX).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether Xerox and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action] 

On October 29, 2024, Xerox issued a press release announcing the Company's financial results for the third quarter of 2024.  Among other items, Xerox issued non-GAAP earnings per share of $0.25, missing consensus estimates by $0.26, and revenue of $1.53 billion, representing a decline of 7.3% year-over-year and missing consensus estimates by $100 million.  Xerox advised that "[t]his quarter includes an after-tax non-cash goodwill impairment charge of $1.0 billion, or $8.16 per share and a charge to tax expense related to the establishment of a valuation allowance of $161 million, or $1.29 per share." 

On this news, Xerox's stock price fell $1.79 per share, or 17.41%, to close at $8.49 per share on October 29, 2024.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising.  Prior results do not guarantee similar outcomes.   

CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980

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SOURCE Pomerantz LLP