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NEW YORK, November 7, 2020 (GLOBE NEWSWIRE) – Pomerantz LLP is investigating complaints on behalf of investors of Clarivate Plc (“Clarivate” or the “Company”) (NYSE: CCC). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, extension 7980.
The investigation concerns whether Clarivate and any of its officers and / or directors have been involved in securities fraud or other illegal business practices.
[Click here for information about joining the class action]
On October 29, 2020, Clarivate announced its financial and operating results for the third quarter of 2019. Among other results, Clarivate announced non-GAAP earnings per share (“EPS”) of – $ 0.14, with missing estimates of $ 0.01; GAAP EPS of – $ 0.10, missing estimates of $ 0.09; and revenues of $ 286.5 million, missing estimates of $ 10.35 million.
Based on this news, Clarivate’s share price fell $ 1.82 per share, or 6.09%, to close at $ 28.08 per share on October 29, 2020.
Studio Pomerantz, with offices in New York, Chicago, Los Angeles and Paris, is recognized as one of the leading companies in the areas of corporate litigation, securities and antitrust. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz firm was a pioneer in the field of class action on securities. Today, more than 80 years later, Studio Pomerantz continues in the tradition he established, fighting for the rights of victims of securities fraud, fiduciary duty violations and corporate misconduct. The firm has recovered numerous multi-million dollar damages on behalf of class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
888-476-6529 int. 7980
.
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