NEW YORK, NY / ACCESSWIRE / August 28, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of The Chemours Company ("The Chemours Company") (NYSE:CC) concerning possible violations of federal securities laws.
Chemours issued a press release on August 1, 2024, reporting its financial results for the second quarter of 2024. Among other items, Chemours reported non-GAAP earnings per share of $0.38, missing consensus estimates by $0.20. The Company advised that it "anticipates a low to mid-single digit sequential decline in Net Sales for the third quarter," citing "[r]esidual impacts from Q2 unplanned downtime at our Altamira, Mexico manufacturing site" in its Titanium Technologies segment; "[r]efrigerant seasonality paired with weaker Freon™ Refrigerants pricing in its Thermal & Specialized Solutions segment; and "[a] continued modest recovery in" its Advanced Performance Materials segment.
Following this news, Chemours's stock price dropped over 11% on August 2, 2024. To obtain additional information, go to:
https://zlk.com/pslra-1/the-chemours-company-lawsuit-submission-form-2?prid=98644&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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Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
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SOURCE: Levi & Korsinsky, LLP