The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Armstrong Flooring, Inc. Investors (AFI)
January 08 2020 - 8:29PM
Business Wire
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
If you are a shareholder who suffered a loss, click here to
participate.
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
info@frankcruzlaw.com, 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.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: https://www.businesswire.com/news/home/20200108005922/en/
The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz,
310-914-5007 fcruz@frankcruzlaw.com www.frankcruzlaw.com
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