Consensus Cloud Solutions, Inc.

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After the market closed on February 22, 2023, Consensus Cloud Solutions, Inc. announced Q4 and full year 2022 financial results. In the earnings announcement, the Company disclosed errors related to a legacy accounting practice, and the timing of revenue recognition for the three and nine month periods ending September 30, 2022, and that the unaudited financial statements for those periods should no longer be relied upon.

Shares of Consensus Cloud Solutions dropped more than 20% in intraday trading February 23, 2023.

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