NEW YORK, May 23, 2017 /PRNewswire/ -- Levi & Korsinsky, LLP announces it has commenced an investigation of Forterra, Inc. ("Forterra") (NASDAQ: FRTA) concerning possible violations of federal securities laws.
On May 15, 2017, Forterra reported net sales of $338.3 million for the first quarter of 2017, compared to $187 million in the prior year quarter. This sales growth was "attributable to the impact of acquisitions that increased net sales by $163 million." In addition, Forterra reported a consolidated net loss of $22.5 million, or $0.35 loss per share. Forterra's Chief Executive Officer commented that the company's "earnings results for the quarter were impacted by a number of factors that unfortunately will persist through the second quarter of 2017." Following this news, shares of Forterra fell more than 24% on May 15, 2017. To obtain additional information, go to:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
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SOURCE Levi & Korsinsky, LLP