Levi & Korsinsky Reminds Centuri Investors of the Ongoing Investigation into Potential Violations of Securities Laws - CTRI
NEW YORK, NY / ACCESSWIRE / August 10, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Centuri Holdings, Inc. ("Centuri") (NYSE:CTRI) concerning possible violations of federal securities laws.
On July 29, 2024, Centuri reported its financial results for the second quarter, revealing a Non-GAAP Earnings Per Share of $0.20, which falls short by $0.02 in comparison to market expectations. Additionally, the company 's revenue for the quarter was disclosed at $643.39 million, representing a year-over-year decline of 17.0% and missing analyst projections by $117.03 million.
Centuri conducted its initial public offering just months earlier on April 18, 2024, and the company sold 12.4 million shares for $21. Since then, the stock has plummeted, and on July 29, 2024, Centuri stock closed at $15.72. To obtain additional information, go to:
https://zlk.com/pslra-1/centuri-holdings-inc-lawsuit-submission-form?prid=94942&wire=1
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com 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.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE:Levi & Korsinsky, LLP
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