NEW YORK, March 25, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Fortrea Holdings Inc. (NASDAQ:FTRE) and Ibotta, Inc. (NYSE:IBTA). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided.
Fortrea Holdings Inc. (NASDAQ:FTRE)
On March 3, 2025, Fortrea announced its fourth quarter and full year 2024 financial results, disclosing that projects from before the Company's spin-off from LabCorp are "late in their life cycle [and] have less revenue and less profitability than expected for 2025" and that "post-spin work is not coming on fast enough to offset the pre-spin contract economics." Fortrea also said this "older versus newer mix issue will continue to negatively impact [the Company's] financial performance during 2025." On this news, Fortrea's stock price fell $3.47 per share, or 25.05%, to close at $10.38 per share on March 3, 2025.
For more information on the Fortrea investigation go to: https://bespc.com/cases/FTRE
Ibotta, Inc. (NYSE:IBTA)
On February 26, 2025, after market hours, Investing.com published an article entitled "Ibotta shares plunge 30% as Q4 earnings miss, Q1 guidance disappoints." This article stated, in pertinent part, that Ibotta "saw its shares tumble [. . .] after reporting fourth-quarter earnings that fell short of expectations and providing weak guidance for the first quarter of 2025." Following this news, Ibotta stock dropped $29.08 per share, or 46%, to close at $34.01 on February 27, 2025.
For more information on the Ibotta investigation go to: https://bespc.com/cases/IBTA
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
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Contact Information:
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com
