TTEC Holdings, Inc.
Case Overview
Status: | Status: Investigating |
Company Name: | Company Name: TTEC Holdings, Inc. |
Ticker: | Ticker: TTEC |
Related Attorneys: | Lead Attorneys: Thomas W. Elrod |
Related Practices: | Related Practices: Securities |
The law firm of Kirby McInerney LLP is investigating potential claims against TTEC Holdings, Inc. (“TTEC” or the “Company”) (NASDAQ:TTEC). The investigation concerns whether TTEC and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
On February 29, 2024, TTEC issued a press release announcing its financial results for fourth quarter and full year 2023. The Company announced non-GAAP earnings per share of $0.37, missing consensus estimates by $0.02. TTEC also lowered forecasts for the next year, citing “client budget constraints”, the elimination of a TTEC-supported business line at “a long-tenured client”, and a “timing lag between our recent wins and normalized revenue run rate and margins” as key challenges in 2024. On this news, the price of TTEC shares declined by $3.58 per share, or approximately 20.5%, from $17.45 per share on February 29, 2024 to close at $13.87 per share on March 1, 2024.
On February 29, 2024, TTEC issued a press release announcing its financial results for fourth quarter and full year 2023. The Company announced non-GAAP earnings per share of $0.37, missing consensus estimates by $0.02. TTEC also lowered forecasts for the next year, citing “client budget constraints”, the elimination of a TTEC-supported business line at “a long-tenured client”, and a “timing lag between our recent wins and normalized revenue run rate and margins” as key challenges in 2024. On this news, the price of TTEC shares declined by $3.58 per share, or approximately 20.5%, from $17.45 per share on February 29, 2024 to close at $13.87 per share on March 1, 2024.