Press release
Investors who lost money with shares of Forward Air Corporation (NASDAQ: FWRD) should contact the Shareholders Foundation in connection with Investigation
An investigation for investors in Forward Air Corporation (NASDAQ: FWRD) shares over potential securities laws violations.
Investors who purchased shares of Forward Air Corporation (NASDAQ: FWRD), 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 possible claims on behalf of purchasers of the securities of Forward Air Corporation (NASDAQ: FWRD) concerning whether certain statements by Forward Air Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Greeneville, TN based Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. Forward Air Corporation reported that its annual Total Revenue declined from over $1.67 billion in 2022 to over $1.37 billion in 2023, and that its Net Income declined from $193.19 million in 2022 to $167.35 million in 2023.
On May 8, 2024, Forward Air Corporation disclosed its financial performance for the first quarter of 2024. The company reported a non-GAAP EPS (Earnings Per Share) of -$0.64, missing estimates by $0.49. Additionally, the firm's revenue also fell short by $62.2 million, totaling $541.81 million instead of the projected figures.
Shares of Forward Air Corporation (NASDAQ: FWRD) declined from $121.38 per share on July 27, 2023, to as low as $12.85 per share on May 09, 2024.
Those who purchased shares of Forward Air Corporation (NASDAQ: FWRD) have certain options and should contact the Shareholders Foundation.
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 lawsuits, 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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