SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Babcock & Wilcox Enterprises, Inc. (BW)
NEW YORK, March 1, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Babcock & Wilcox Enterprises, Inc. ("Babcock & Wilcox" or the "Company") (NYSE: BW). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/bw.
The investigation concerns whether Babcock & Wilcox and certain of its officers and/or directors complied with federal securities laws.
On March 1, 2017, Babcock & Wilcox revealed its fourth quarter and full year 2016 financial results, which were below analyst projections, reporting "fourth quarter 2016 revenues of $380.0 million, a decrease of $122.7 million, or 24.4%, compared to the fourth quarter of 2015. GAAP earnings per share for the fourth quarter of 2016 were a loss of $1.47 compared to a loss per share of $0.10 for the fourth quarter of 2015." Following this news, Babcock & Wilcox stock dropped over 39% during intraday trading on March 1, 2017.
If you are aware of any facts relating to this investigation, or purchased shares of Babcock & Wilcox, you can assist this investigation by visiting the firm's site: www.bgandg.com/bw. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
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 Yael Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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