NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of Babcock & Wilcox Enterprises, Inc. (NYSE:BW) concerning possible violations of federal securities laws by the board of directors of the company.
On March 1, 2017, Babcock & Wilcox announced fourth quarter 2016 results below analyst expectations, reporting “fourth quarter 2016 revenues of $380.0 million, a decrease of $122.7 million, or 24.4%, compared to the fourth quarter of 2015. GAAP earnings per share for the fourth quarter of 2016 were a loss of $1.47 compared to a loss per share of $0.10 for the fourth quarter of 2015.” Following this news, shares of Babcock & Wilcox were down more than 39% during intraday trading. To obtain additional information, go to:
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Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
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New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
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