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BENSALEM, Pa.--(BUSINESS WIRE)--Nov 6, 2024--
Law Offices of Howard G. Smith announces an investigation on behalf of Xerox Holdings Corporation (“Xerox” or the “Company”) (NASDAQ: XRX ) investors concerning the Company’s possible violations of federal securities laws.
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.
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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847 or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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/20241106486327/en/
CONTACT: Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
KEYWORD: PENNSYLVANIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: CLASS ACTION LAWSUIT PROFESSIONAL SERVICES LEGAL
SOURCE: Law Offices of Howard G. Smith
Copyright Business Wire 2024.
PUB: 11/06/2024 08:01 PM/DISC: 11/06/2024 08:01 PM
http://www.businesswire.com/news/home/20241106486327/en