BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of Forterra, Inc. (“Forterra” or the “Company”) (NASDAQ: FRTA) investors concerning the Company and its officers’ possible violations of federal securities laws.
On May 15, 2017, Forterra disclosed net sales of $338.3 million for the first quarter of 2017, compared to $187 million for the same quarter of 2016. According to Forterra, this growth was “attributable to the impact of acquisitions that increased net sales by $163 million.” Forterra also disclosed a consolidated net loss of $22.5 million for the first quarter of 2017, which the Company attributed to “a number of factors that unfortunately will persist through the second quarter of 2017.”
On this news, the Company’s share price fell nearly 25%, to close at $14.93 per share on May 15, 2017.
If you purchased Forterra securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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