Xerox Holdings Corporation
Case Overview
Status: | Status: Investigating |
Company Name: | Company Name: Xerox Holdings Corporation |
Ticker: | Ticker: XRX |
Related Attorneys: | Lead Attorneys: Thomas W. Elrod |
Related Practices: | Related Practices: Securities |
The law firm of Kirby McInerney LLP is investigating potential claims against Xerox Holdings Corporation (“Xerox” or the “Company”) (NASDAQ: XRX). The investigation concerns whether Xerox and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
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, the price of Xerox’s shares declined by $1.79 per share, or approximately 17.4%, from $10.28 per share on October 28, 2024 to close at $8.49 per share on October 29, 2024.
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, the price of Xerox’s shares declined by $1.79 per share, or approximately 17.4%, from $10.28 per share on October 28, 2024 to close at $8.49 per share on October 29, 2024.