NEW YORK, NY / ACCESSWIRE / November 1, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Xerox Holdings Corporation ("Xerox Holdings Corporation") (NASDAQ:XRX) concerning possible violations of federal securities laws.
Xerox issued a press release on October 29, 2024, 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."
Following this news, Xerox's stock price fell over 17% on October 29, 2024. To obtain additional information, go to:
https://zlk.com/pslra-1/xerox-holdings-corporation-lawsuit-submission-form?prid=110374&wire=1
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
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Ed Korsinsky, Esq.
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SOURCE: Levi & Korsinsky, LLP