INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Armstrong Flooring, Inc. Investors
BENSALEM, Pa.--(BUSINESS WIRE)--Nov 5, 2019--
Law Offices of Howard G. Smith 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.
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.
If you purchased Armstrong Flooring 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com:https://www.businesswire.com/news/home/20191105006235/en/
CONTACT: Law Offices of Howard G. Smith
Howard G. Smith, Esquire
KEYWORD: PENNSYLVANIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES
SOURCE: Law Offices of Howard G. Smith
Copyright Business Wire 2019.
PUB: 11/05/2019 05:08 PM/DISC: 11/05/2019 05:08 PM