Le Lézard
Classified in: Business
Subject: ATY

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of HireQuest, Inc. - HQI


NEW YORK, Nov. 28, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of HireQuest, Inc. ("HireQuest" or the "Company") (NASDAQ: HQI). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.

The investigation concerns whether HireQuest and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On November 8, 2023, HireQuest issued a press release announcing its financial results for its third quarter ("Q3") of 2023. Among other results, HireQuest reported Q3 GAAP earnings-per-share of $0.12, missing consensus estimates by $0.05. Commenting on these results, HireQuest's President and Chief Executive Officer Rick Hermanns disclosed that "[o]ur bottom line was again negatively impacted by workers compensation expense which had a net increase of $2.8 million compared to [Q3] 2022" and that "[w]e're working with our partners in this area to adjust our plan to better reflect our business as it stands today and reduce its impact in the future, however no meaningful improvement can be expected until the second quarter of next year." 

On this news, HireQuest's stock price fell $2.88 per share, or 18.15%, to close at $12.99 per share on November 9, 2023.

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.

Attorney advertising. Prior results do not guarantee similar outcomes. 

CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
888-476-6529 ext. 7980

SOURCE Pomerantz LLP


These press releases may also interest you

at 20:08
As the first luxury branded residential development under construction in Southwest Florida, London Bay Development Group has announced the launch of sales for its highly anticipated North Tower of The Ritz-Carlton Residences, Estero Bay. This news...

at 20:03
A Los Angeles jury awarded more than $4.8 million to a woman who suffered lower back injuries after being T-boned by a driver who failed to stop at a red light in Lancaster, CA. According to the complaint, the collision occurred in 2020 when the...

at 20:02
Wajax Corporation ("Wajax" or the "Corporation") today announced its 2023 fourth quarter and annual results. All monetary amounts are in Canadian dollars unless otherwise noted. Selected Highlights for the Fourth Quarter and Full Year Fourth quarter...

at 20:00
BIGG Digital Assets Inc. ("BIGG" or the "Company") , owner of Netcoins, Blockchain Intelligence Group, and TerraZero is pleased to announce that it has entered into an agreement with A.G.P. Canada Investments ULC ("A.G.P. Canada"), who have agreed to...

at 20:00
GA technologies Co.,Ltd. ?Headquarters: Minato District, Tokyo; CEO?Ryo Higuchi; Securities code: 3491; Hereinafter as "the Company"?announces the assumption of Jun Ernesto Okumura as the Executive Officer of the Chief Data Officer (CDO) of the...

at 19:45
Blue Shield of California has received the 2024 World's Most Ethical Companies® recognition by Ethisphere, a global leader in defining and advancing the standards of ethical business practices....



News published on and distributed by: