Investigation of The Spectranetics Corporation Announced by The Law Offices of Howard G. Smith
July 27 2015 - 11:26AM
Business Wire
Law Offices of Howard G. Smith announces an investigation on
behalf of investors of The Spectranetics Corporation
(“Spectranetics” or the “Company”) (NASDAQ:SPNC) concerning the
recent disclosures regarding its lackluster earnings, and the
Company’s and its officers’ possible violations of federal
securities laws. Spectranetics investors are encouraged to contact
Law Offices of Howard G. Smith to discuss the alleged wrongdoing,
and steps investors can take to recover any losses caused by the
Company’s alleged fraud.
Spectranetics produces and distributes medical devices that are
used for treatment in cardiovascular patients. On July 23, 2015
after the market close, the Company reported a loss of 17 cents per
share, and losses, adjusted for non-recurring gains, of 22 cents
per share, on revenue of $61.7 million. In a conference call to
discuss its quarterly results, the Company lowered its full year
2015 revenue guidance to a range of $240 million to $250 million
from its previous guidance of $258 million. On this news
Spectranetics shares fell over 34%, or $8.53 per share to close on
July 24, 2015 at $16.30 per share.
If you purchased Spectranetics shares, 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
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
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: http://www.businesswire.com/news/home/20150727005906/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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