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 Matrix Service Company (NASDAQ: MTRX) resulting from allegations that Matrix Service Company may have issued materially misleading business information to the investing public.
On February 3, 2016, Matrix Service Company reduced its fiscal 2016 revenue guidance from between $1.4 billion and $1.6 billion to between $1.3 billion and $1.4 billion and its fiscal 2016 earnings guidance from between $1.45 and $1.75 per fully diluted share to between $1.30 and $1.50 per fully diluted share. The reduced fiscal 2016 guidance is primarily due to an unexpected client bankruptcy and the timing of revenue ramp up. On this news, shares of Matrix Service Company fell sharply during intraday trading on February 4, 2016.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Matrix Service Company investors. If you purchased shares of Matrix Service Company on or before February 3, 2016, please visit the firm’s website at http://rosenlegal.com/cases-831.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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