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Janus issued a press release on October 29, 2024 announcing its financial results for its fiscal third quarter. The release disclosed, in part, revenue of $230.1 million, representing a year-over-year decline of 17.9%, and missing consensus estimates by $18.11 million. Further, Janus updated its full-year revenue guidance to a range of $910 million to $925 million, compared to consensus estimates of $1 billion, citing headwinds from macroeconomic factors, interest rate uncertainty, and persistent project delays. On this news, Janus's stock price fell almost 30% to close at $7.24 per share on October 29, 2024.
In order to be eligible to join the JBI class action lawsuit, you must have incurred a loss on shares of Janus purchased during the class period listed above.
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