Investors who lost money on Xerox Holdings Corporation should contact Levi & Korsinsky about an ongoing investigation - XRX

NEW YORK, NY / ACCESSWIRE / November 1, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Xerox Holdings Corporation ("Xerox Holdings Corporation") (NASDAQ:XRX) concerning possible violations of federal securities laws.

Xerox issued a press release on October 29, 2024, 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."

Following this news, Xerox 's stock price fell over 17% on October 29, 2024. To obtain additional information, go to:

https://zlk.com/pslra-1/xerox-holdings-corporation-lawsuit-submission-form?prid=110374&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

View the original press release on accesswire.com

© 2024 Accesswire. All Rights Reserved.