NEW YORK, Nov. 07, 2020 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Clarivate Plc (“Clarivate” or the “Company”) (NYSE: CCC). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Clarivate and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On October 29, 2020, Clarivate announced its financial and operating results for the third quarter of 2019. Among other results, Clarivate announced non-GAAP earnings per share (“EPS”) of -$0.14, missing estimates by $0.01; GAAP EPS of -$0.10, missing estimates by $0.09; and revenue of $286.5 million, missing estimates by $10.35 million.
On this news, Clarivate’s stock price fell $1.82 per share, or 6.09%, to close at $28.08 per share on October 29, 2020.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris 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, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm 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.pomerantzlaw.com .
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
