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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of RetailMeNot Inc (NASDAQ: SALE) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of RetailMeNot Inc (NASDAQ: SALE) concerning whether a series of statements by RetailMeNot Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On August 5, 2015, RetailMeNot reported a second-quarter loss of $1.6 million. Last year in this same period the Company reported a profit. RetailMeNot said it had a loss of 3 cents per share during the quarter, and earnings, adjusted for one-time gains and costs, of 9 cents per share. The Company fell below Wall Street analyst expectations for earnings of 13 cents per share. RetailMeNot also reduced revenue guidance for the full year 2015 to $231.0 to $239.0 million, a decline of 11% at the mid-point. After the release of this news, NASDAQ: SALE stock declined $4.62 per share, which is just over 32%, during intra-day trading on August 5, 2015.
Based in Austin, TX and founded in 2007, RetailMeNot Inc operates various websites internationally that connects consumers with retailers and brands via coupon offers. The company owns and operates digital coupon websites, including RetailMeNot.com in the United States; VoucherCodes.co.uk in the United Kingdom; and Bons-de-Reduction.com, Poulpeo.com, and Ma-Reduc.com in France.
If you purchased shares of RetailMeNot Inc (NASDAQ: SALE) on or before August 5, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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