The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Armstrong Flooring, Inc. Investors (AFI)
LOS ANGELES--(BUSINESS WIRE)--Jan 8, 2020--
The Law Offices of Frank R. Cruz announces an investigation on behalf of Armstrong Flooring, Inc. (“Armstrong Flooring” or the “Company”) (NYSE: AFI ) investors concerning the Company and its officers’ possible violations of federal securities laws
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On November 5, 2019, Armstrong Flooring reported $165.6 million net sales for third quarter 2019, a nearly 21% decline year-over-year, and a net loss of $31.4 million. The Company also cut its full year 2019 guidance for adjusted EBITDA to a range of $20 million to $25 million, from prior guidance range of $46 million to $54 million.
On this news, the Company’s stock price fell $2.90 per share, or nearly 44%, to close at $3.70 per share on November 5, 2019, thereby injuring investors.
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If you purchased Armstrong securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to firstname.lastname@example.org, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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CONTACT: The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES
SOURCE: The Law Offices of Frank R. Cruz
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PUB: 01/08/2020 08:29 PM/DISC: 01/08/2020 08:29 PM