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LOS ANGELES--(BUSINESS WIRE)--Nov 5, 2024--
The Law Offices of Frank R. Cruz announces an investigation of Xerox Holdings Corporation (“Xerox” or the “Company”) (NASDAQ: XRX ) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On October 29, 2024, Xerox released its third quarter 2024 financial results, missing consensus estimates and lowering guidance, citing “the delayed global launch of two new products and lower-than-expected improvements in sales force productivity” and “to a lesser extent, delays in the implementation of certain cost reduction initiatives to 2025.”
On this news, Xerox’s stock price fell $1.79, or 17.4%, to close at $8.49 per share on October 29, 2024, thereby injuring investors.
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If you purchased Xerox securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com:https://www.businesswire.com/news/home/20241105867086/en/
CONTACT: The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: CLASS ACTION LAWSUIT PROFESSIONAL SERVICES LEGAL
SOURCE: The Law Offices of Frank R. Cruz
Copyright Business Wire 2024.
PUB: 11/05/2024 06:20 PM/DISC: 11/05/2024 06:19 PM
http://www.businesswire.com/news/home/20241105867086/en