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Investigation announced for Investors in U.S. Xpress Enterprises, Inc. (NYSE: USX)

05-13-2022 11:41 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in U.S. Xpress Enterprises, Inc. (NYSE: USX) shares over potential securities laws violations.

An investigation for investors in U.S. Xpress Enterprises, Inc. (NYSE: USX) shares over potential securities laws violations.

U.S. Xpress Enterprises, Inc. is under investigation concerning possible violations of securities laws by U.S. Xpress Enterprises, Inc. in connection with certain statements.

Investors who purchased shares of U.S. Xpress Enterprises, Inc. (NYSE: USX), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of U.S. Xpress Enterprises, Inc. (NYSE: USX) concerning whether certain statements by U.S. Xpress Enterprises, Inc. (NYSE: USX regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Chattanooga, TN based U.S. Xpress Enterprises, Inc. operates as an asset-based truckload carrier providing services primarily in the United States. U.S. Xpress Enterprises, Inc. reported that its annual Total Revenue rose from over $1.74 billion in 2020 to over $1.94 billion in 2021, and that its Net Income declined from $18.55 million in 2020 to $10.87 million in 2021.
On February 9, 2022, U.S. Xpress Enterprises, Inc. announced its results for the fourth quarter of 2021. Among other items, U.S. Xpress reported non-GAAP earnings per share of -$0.08, missing consensus estimates by $0.20.

Shares of U.S. Xpress Enterprises, Inc. (NYSE: USX) declined from $6.23 per share in early January 2022 to as low as $3.07 per share on February 10, 2022.

Those who purchased shares of U.S. Xpress Enterprises, Inc. (NYSE: USX), have certain options and should contact the Shareholders Foundation.

Contact:
Christopher Clausen
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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