SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Tarena International, Inc. – TEDU
NEW YORK, NY / CRWEPRESSRELEASE / August 19, 2015 /Pomerantz LLP is investigating claims on behalf of investors of Tarena International, Inc. (“Tarena” or the “Company”) (NASDAQ: TEDU). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether Tarena and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On August 18, 2015, Tarena issued a press release announcing its second quarter fiscal 2015 financial results, missing EPS expectations by $0.04 and revenue expectations by $0.16M. The Company downgraded its revenue expectations for Q3 2015, a range of $52.5-53.5M versus consensus of $56.54M, and for FY 2015, a range of $172.0-$177.5 versus consensus of $183.16M. These misses and downgraded guidance were attributed to the RMB-USD exchange rate.
On this adverse news, TEDU ADRs fell as much as 22.43% on intraday trading.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.