NEW YORK, March 12, 2022 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of U.S. Xpress Enterprises, Inc. (“U.S. Xpress” or the “Company”) (: USX). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation concerns whether U.S. Xpress and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On February 9, 2022, U.S. Xpress issued a press release announcing its results for the fourth quarter of 2021. Among other items, U.S. Xpress reported non-GAAP earnings per share of -$0.08, missing consensus estimates by $0.20.
On this news, U.S. Xpress’s stock price fell $0.70 per share, or 15.84%, to close at $3.72 per share on February 10, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, 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 numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
888-476-6529 ext. 7980
