NEW YORK, NY / ACCESSWIRE / November 8, 2024 / Pomerantz LLP is investigating claims on behalf of investors in Xerox Holdings Corporation (“Xerox” or the “Company”) (NASDAQ: XRX). These investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980 ext. 20. 7980.

The investigation seeks to determine whether Xerox and certain of its officers and/or directors engaged in securities fraud or other illegal business practices.

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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 reported non-GAAP earnings per share of $0.25, missing consensus estimates of $0.26, and a turnover of $1.53 billion. representing a 7.3% year-over-year decline and missing consensus estimates by $100 million. Xerox reported that “(this) quarter includes a non-cash after-tax impairment charge of $1.0 billion, or $8.16 per share, and a tax charge related to the establishment of a provision for capital loss of $161 million, or $1.29 per share. “.

Following 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.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris and Tel Aviv, is recognized as a leading firm in the areas of corporate, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz was a pioneer in the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he established, fighting for the rights of victims of securities fraud, breaches of fiduciary duty and corporate misconduct. The firm has recovered numerous multimillion-dollar settlements on behalf of class members. See www.pomlaw.com.

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SOURCE: Pomerantz LLP

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