Panasonic Holdings Corp
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Consumer Discretionary : Household Durables | Large Cap Value
Based in Japan
Company profile

Panasonic Corporation is a Japan-based company engaged in the integrated electronics related business. The Company has four business segments. The Appliance segment is engaged in the development, manufacture and sale of products for home appliance, beauty, health and other business to consumer (BtoC) business, as well as devices, energy and other business to business (BtoB) business. The Eco Solutions segment is engaged in the development, manufacture and sale of electrical equipment, housing materials and other products for construction business. The Connected Solutions segment is engaged in the development, manufacture and sale of products for distribution, logistics, entertainment, public, avionics and manufacturing business. The Automotive and Industrial Systems segment is engaged in the development, manufacture and sale of products for automotive motorized systems business, as well as batteries and other BtoB business. The Company is also engaged in the sale of raw materials.

This security is an American depositary receipt
ADR Fees
American Depositary Receipt (ADR) Fee

ADR fees charged by custodial banks normally average from 1 to 3 cents per share. Other country fees might apply. To read more, see the Exception Fees tab at Brokerage Fees

Closing Price
$8.71
Day's Change
-0.065 (-0.74%)
Bid
--
Ask
--
B/A Size
--
Day's High
8.75
Day's Low
8.62
Volume
(Below Average)
Volume:
134,942

10-day average volume:
156,602
134,942

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Palantir Technologies Inc. (PLTR)

11:00 am ET November 10, 2022 (BusinessWire) Print

The Law Offices of Frank R. Cruz reminds investors of the upcoming November 14, 2022 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Palantir Technologies Inc. ("Palantir" or the "Company") (NYSE: PLTR) securities between September 27, 2020 and August 5, 2022, inclusive (the "Class Period").

If you are a shareholder who suffered a loss, click here to participate.

On May 9, 2022, Palantir released its first quarter 2022 financial results, announcing an adjusted earnings per share ("EPS") of $0.02, compared to analyst estimates of $0.04 per share, which "include[d] a negative $0.02 impact driven primarily by unrealized losses on marketable securities." The Company also disclosed that government revenue had grown by only 16% year-over-year.

On the news, Palantir's stock fell $2.02, or 21.3%, to close at $7.46 per share on May 9, 2022, thereby injuring investors.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Palantir's investments in marketable securities were having a significant negative impact on the Company's EPS results; (2) Palantir overstated the sustainability of its government segment's growth and revenues; (3) Palantir was experiencing a significant slowdown in revenue growth, particularly among its government customers, despite ongoing global conflicts and market disruptions; (4) as a result of all the foregoing, the Company was likely to miss consensus estimates for its Q1 EPS and Q2 sales outlook; and (5) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you purchased or otherwise acquired Palantir securities during the Class Period, you may move the Court no later than November 14, 2022 to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221110005397/en/

SOURCE: The Law Offices of Frank R. Cruz

The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com 
www.frankcruzlaw.com
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COMTEX_418558032/1006/2022-11-10T11:00:00

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