NEW YORK, NY / ACCESSWIRE / November 15, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of CECO Environmental Corp. ("CECO Environmental Corp.") (NASDAQ:CECO) concerning possible violations of federal securities laws.
On October 29, 2024, CECO issued a press release announcing its financial results for the third quarter of 2024. Among other items, CECO reported non-GAAPP earnings per share of $0.14, missing consensus estimates by $0.06, and revenue of $135.51 million, representing a 9.3% decline year-over-year and missing consensus estimates by $20.43 million. In the press release, CECO's Chief Executive Officer stated that "[w]e were disappointed that we fell short of the anticipated quarterly revenue and income outlook as a handful of customer-driven delays in larger projects could not be overcome by continued progress with margin expansion and other actions."
Following this news, CECO's stock price fell over 14% on the same day. To obtain additional information, go to:
https://zlk.com/pslra-1/ceco-environmental-corp-lawsuit-submission-form?prid=112049&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.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
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New York, NY 10004
[email protected]
Tel: (212)363-7500
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SOURCE: Levi & Korsinsky, LLP