NEW YORK, March 19, 2024 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of TTEC Holdings, Inc. (“TTEC” or the “Company”) (NASDAQ: TTEC). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether TTEC and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On February 29, 2024, TTEC issued a press release announcing its financial results for fourth quarter and full year 2023. Among other items, TTEC announced non-GAAP earnings per share of $0.37, missing consensus estimates by $0.02. TTEC also cautioned investors that “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” all presented “challenges” impacting the Company’s 2024 outlook.
On this news, TTEC’s stock price fell $3.58 per share, or 20.52%, to close at $13.87 per share on March 1, 2024.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
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CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980
SOURCE Pomerantz LLP
