Levi & Korsinsky notifies investors that it has commenced an investigation into Forward Air Corporation (NASDAQ: FWRD) concerning potential violations of the federal securities laws.
Forward Air disclosed its financial performance for the first quarter of 2024, following the market closure on May 8, 2024. The company reported a non-GAAP EPS (Earnings Per Share) of -$0.64, missing estimates by $0.49. Additionally, the firm's revenue also fell short by $62.2 million, totaling $541.81 million instead of the projected figures. Following this news on May 9, 2024, shares of Forward Air dropped over 40% in pre-market trading.
If you suffered a loss on your Forward Air securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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