WestRock Company (WRK)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of WestRock Company (“WestRock” or the “Company”) (NYSE: WRK). Investors who purchased WestRock securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether WestRock has violated federal securities laws.
On February 1, 2023, WestRock reported its first quarter financial and operating results. Among other items, WestRock reported earnings per share that missed analyst expectations by $0.05, as well as an unexpected year-over-year revenue decline that fell $210 million short of consensus estimates. WestRock attributed the disappointing results to “elevated inflation and softening macroeconomic conditions [which] negatively impacted [the Company’s] Global Paper business.” On this news, WestRock’s stock price fell $4.97 per share, or 12.67%, to close at $34.27 per share on February 1, 2023.
If you are aware of any facts relating to this investigation or purchased WestRock shares, you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.