Law
Offices of Howard G. Smith announces that it is investigating
potential claims on behalf of investors of Insulet
Corp. (“Insulet” or the “Company”) (NASDAQ: PODD) concerning the
recent disclosures regarding its lackluster earnings, and the Company’s
and its officers’ possible violations of federal securities laws. The
Law Offices of Howard G. Smith is preparing a complaint to recover
damages on behalf of Insulet investors.
Insulet, the maker of insulin infusion systems, posted
results on April 30, 2015, after the market close, that fell below
analyst expectations. The Company posted quarterly revenue of $61.2
million in the period, which did not meet an analysts survey expecting
$68.3 million. For the current quarter ending in June, Insulet said it
expects revenue in the range of $67 million to $70 million. Insulet also
provided full-year revenue projections in the range of $305 million to
$320 million.
On this news Insulet shares fell nearly 12%, or $3.33 per share during
intra-day trading on May 1, 2015, on unusually heavy volume.
If you purchased shares of Insulet between February 2013 through April
30, 2015, have information or would like to learn more about these
claims, or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact Howard
G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com,
or visit our website at http://www.howardsmithlaw.com.
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jurisdictions under the applicable law and ethical rules.
Copyright Business Wire 2015