Bronstein, Gewirtz & Grossman, LLC Announces Investigation of CARBO Ceramics Inc.

NEW YORK, June 4, 2013 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of CARBO Ceramics Inc. ("CARBO" or the "Company") (NYSE: CRR -News).  The investigation focuses on whether the Company and its executives violated federal securities laws.

On April 25, 2013, shares of CARBO fell $15.04 or 17% to close at $71.55 per share after the company released earnings.  First quarter revenue dropped 9.5%, to $147.7 million, below the $153.4 million estimate from Wall Street.  The company earned $17.6 million, or 76 cents per share, in the first three months of the year, compared with $30.3 million, or $1.31 per share for the first three months of 2012.  On the bottom line, earnings per share were $0.76, well below the $0.89 per share estimated by some analysts.  The investigation focuses on possible claims concerning whether a series of statements regarding CARBO's business, its prospects and its operations were materially false and misleading at the time they were made.

If you are aware of any facts relating to this investigation, or purchased shares of CARBO, you can assist this investigation by contacting Peretz Bronstein, Esq. or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected].  Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.  Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
[email protected] 

SOURCE Bronstein, Gewirtz & Grossman, LLC

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