BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of 2U, Inc. (“2U” or the “Company”) (NASDAQ: TWOU) investors concerning the Company and its officers’ possible violations of federal securities laws.
On July 30, 2019, after the market closed, the Company reported a larger-than-expected loss for second quarter 2019. The Company also revised its guidance for fiscal 2019, expecting a net loss between $157.5 and $151.5 million, compared to prior net loss guidance between $79.0 and $77.2 million. Macquarie analyst, Sarah Hindlian, commented that it was “clearly a breaking of the company’s model.”
On this news, shares of 2U fell $23.70 per share, or nearly 65%, to close at $12.80 per share on July 31, 2019, thereby injuring investors.
If you purchased 2U 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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