Maxar Technologies Ltd. (NYSE: MAXR)
Hagens Berman Sobol Shapiro LLP alerts investors in Maxar Technologies Ltd. (NYSE: MAXR) to the firm's investigation into possible securities law violations.
If you purchased or otherwise acquired securities of MAXR before October 31, 2018 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more infomation contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing MAXR@hbsslaw.com.
On October 31, 2018, Maxar and management announced disappointing financial results for the third quarter ended September 30, 2018. In particular, they reported a massive $7.31 per share loss on sales of barely $508 million. In contrast, investors had expected the Company to report a profit.
This news drove the price of Maxar shares down $12.16, or about 45%, to close at $14.91.
“We’re focused on investors’ losses and the extent to which management’s earlier statements may have been misleading,” said Hagens Berman partner Reed Kathrein.
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