BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of Acadia Healthcare Company, Inc. (“Acadia” or the “Company) (NASDAQ: ACHC) investors concerning the Company and its officers’ possible violations of federal securities laws.
On October 24, 2017, Acadia reported disappointing Q3 2017 results. Revenue for the quarter was only $716.7 million, a decrease compared to $734.7 million for the third quarter of 2016. The Company attributed the results, in part, to “lower census and higher operating costs than anticipated” in the United Kingdom. Acadia also reduced revenue guidance for fiscal year 2017 from “a range of $2.85 billion to $2.9 billion” to “a range of $2.82 billion to $2.83 billion.”
On this news, Acadia’s share price fell $11.44, or 25.9%, to close at $32.68 per share on October 25, 2017, thereby injuring investors.
If you purchased Acadia 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 email@example.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.