NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Babcock & Wilcox Enterprises, Inc. (NYSE:BW) resulting from allegations that Babcock & Wilcox may have issued materially misleading business information to the investing public.
On February 28, 2017, Babcock & Wilcox during aftermarket hours announced fourth quarter 2016 results that were below analysts’ 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.” On this news, shares of Babcock & Wilcox fell $6.17 per share or over 37% to close at $10.33 per share on March 1, 2017.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Babcock & Wilcox investors. If you purchased shares of Babcock & Wilcox on or before March 1, 2017, please visit the firm’s website at http://www.rosenlegal.com/cases-1065.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at email@example.com or firstname.lastname@example.org.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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