SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Carbo Ceramics, Inc. - CRR

NEW YORK, Aug. 6, 2013 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of Carbo Ceramics, Inc. (NYSE: CRR) ("Carbo Ceramics" or the "Company") who purchased Carbo Ceramics common stock between October 27, 2011 and January 26, 2012 (the "Class Period"). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 237.

The investigation concerns whether Carbo Ceramics and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

On April 25, 2013, the company released earnings for the 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. Earnings per share were $0.76, well below the $0.89 per share estimated by some analysts. The investigation concerns 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 by the company.

On this news announcement, shares of Carbo Ceramics fell $15.04 per share or 17% to close at $71.55 on intraday trading on April 25, 2013.

The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz Grossman Hufford Dahlstrom & Gross LLP
[email protected]

SOURCE Pomerantz Grossman Hufford Dahlstrom & Gross LLP

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