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Investigation announced for Investors in shares of Granite Construction Incorporated (NYSE: GVA)

08-05-2019 10:31 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Granite Construction Incorporated (NYSE: GVA) shares.

An investigation for investors in Granite Construction Incorporated (NYSE: GVA) shares.

An investigation on behalf of investors of Granite Construction Incorporated (NYSE: GVA) shares over potential securities laws violations by Granite Construction Incorporated was announced.

Investors who purchased shares of Granite Construction Incorporated (NYSE: GVA), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by Granite Construction Incorporated regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Watsonville, CA based Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer in the United States. Granite Construction Incorporated reported that its annual Total Revenue rose from over $2.98 billion in 2017 to over $3.31 billion in 2018 and that its Net Income declined from $69.09 million in 2017 to $42.41 million in 2018.

On July 29, 2019, after the market closed, Granite Construction Incorporated disclosed that second quarter 2019 financial results were negatively impacted by non-cash charges related to four legacy, unconsolidated heavy civil joint venture projects. As a result, Granite Construction Incorporated said it expected to report net loss per diluted share in the range of $2.05 to $2.10 per diluted share.

Shares of Granite Construction Incorporated (NYSE: GVA) declined from $68.00 per share in early 2018 to as low as $30.54 per share on August 2, 2019.

Those who purchased shares of Granite Construction Incorporated (NYSE: GVA) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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