Levi & Korsinsky notifies investors that it has commenced an investigation into WESCO International, Inc. (NYSE: WCC) concerning potential violations of the 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.
If you suffered a loss on your WESCO securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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