An investigation for investors in Elanco Animal Health Incorporated (NYSE:ELAN) shares over potential securities laws violations by Elanco Animal Health Incorporated was announced.
San Diego, CA -- (SBWIRE) -- 05/20/2020 -- An investigation was announced concerning potential securities laws violations by Elanco Animal Health Incorporated in connection with certain financial statements.
Investors who purchased shares of Elanco Animal Health Incorporated (NYSE: ELAN), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Elanco Animal Health Incorporated regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On May 7, 2020, Elanco Animal Health Incorporated reported its financial and operating results for the first quarter of 2020. For the quarter, Elanco Animal Health Incorporated reported GAAP earnings per share of -$0.12, missing consensus estimates by $0.18, and revenue of $657.7 million, missing consensus estimates by $62.49 million. Explaining the Company's disappointing results, Elanco Animal Health Incorporated's President and Chief Executive Officer cited, among other factors, "distributor performance" and stated that Elanco Animal Health Incorporated intended "to tighten our approach across many facets of our distributor relationships."
Those who purchased shares of Elanco Animal Health Incorporated (NYSE: ELAN) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.