LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf investors of RetailMeNot, Inc. ("RetailMeNot" or the "Company") (NASDAQ: SALE). The investigation concerns whether the Company violated specific sections of the Securities Exchange Act of 1934 by issuing materially misleading information regarding its operations and future performance.
On August 5, 2015, RetailMeNot reported a second-quarter loss of $1.6 million, after reporting a profit in the same period a year earlier. RetailMeNot, an online coupon company, said it had a loss of 3 cents per share during the quarter, and earnings, adjusted for one-time gains and costs, of 9 cents per share. The results missed Wall Street analyst expectations for earnings of 13 cents per share. The Company also reduced revenue guidance for the full year 2015 to $231.0 to $239.0 million, a decline of 11% at the mid-point. On this news shares of RetailMeNot dropped $4.62 per share, or over 32%, during intra-day trading on August 5, 2015. GPM is preparing a lawsuit to recover damages on behalf of RetailMeNot investors who relied on the Company’s allegedly misleading financial statements.
If you purchased RetailMeNot shares, 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 Casey Sadler of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to email@example.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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