NEW YORK CITY, NY / ACCESSWIRE / November 10, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Xerox Holdings Corporation ("Xerox" or "the Company") (NYSE:XRX). Investors who purchased Xerox securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/XRX.
Investigation Details
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.
What's Next?
If you are aware of any facts relating to this investigation or purchased Xerox securities, you can assist this investigation by visiting the firm's site: bgandg.com/XRX. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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Contact
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
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