NEW YORK, NY / ACCESSWIRE / March 19, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of WESCO International, Inc. ("WESCO") (NYSE:WCC) concerning possible violations of federal securities laws.
On February 13, 2024, Wesco released its quarterly earnings for Q4-2023, which the Company described as "very disappointing" with sales and revenues below expectations. Analysts characterized the quarterly results as a "massacre." The Company attributed sluggish revenues to higher-than-anticipated SG&A expenses, especially health care costs. However, analysts questioned this explanation and questioned the Company's methods of generating its earnings projections, especially in light of the rapidly increased SG&A costs. Following the release of the Q4-2023 earnings report, WCC shares fell $61.24, or 31.8%, to $132.59. To obtain additional information, go to:
https://zlk.com/pslra-1/wesco-lawsuit-submission-form?prid=71670&wire=1
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP