Attention Tremor Video, Inc. Investors: Law Firm Investigates on Behalf of Shareholders
Robbins Arroyo LLP is investigating potential violations of federal securities laws on behalf of investors of Tremor Video, Inc. (NYSE: TRMR). Tremor Video provides technology-driven video advertising solutions for advertisers and agencies, and publisher partners in the United States and internationally.
Tremor Video Shares Fall Sharply on Disappointing Results and Lowered Guidance
Shares of Tremor fell nearly $4.54, or nearly 50%, to close at $4.72 on November 8, 2013, following the release of the company’s third quarter financial statement reporting a substantially larger loss than analysts expected. Specifically, Tremor reported a loss of $18.1 million, or $0.37 per share, for the quarter compared to a loss of $1.7 million, or $0.22 per share, for the same quarter 2012. Analysts had anticipated a loss of $0.35 per share. Further, Tremor lowered its fourth-quarter and full-year revenue guidance. For the fourth quarter, Tremor issued revenue guidance in the range of $29.5 million and $30.5 million, significantly below analysts’ projections of $38.56 million for the quarter. The company lowered its full-year guidance to a range of $125 million to $126 million, from a previous estimate of $133.7 million and $135.7 million. On this news, multiple analysts downgraded Tremor’s stock.
Tremor Video Shareholders Are Encouraged to Contact Shareholder Rights Law Firm Robbins Arroyo
If you invested in Tremor Video and would like to discuss your shareholder rights, please contact attorney Darnell R. Donahue at (800) 350-6003, or you can complete the form below and we will contact you directly.
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