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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Premier, Inc. - PINC
PINCPremier(PINC) Prnewswire·2025-02-05 01:11

Core Viewpoint - Premier, Inc. is under investigation for potential securities fraud and unlawful business practices following disappointing financial results for Q2 of fiscal year 2025, which led to a significant drop in stock price [1][2][3]. Financial Performance - Premier reported revenue of 240.3millionforthesecondquarterendedDecember31,2024,reflectingadeclineof3.2240.3 million for the second quarter ended December 31, 2024, reflecting a decline of 3.2% year over year and missing consensus estimates by 2.91 million [2]. - The company experienced a GAAP net loss from continuing operations of 45.8million,equatingtoalossof45.8 million, equating to a loss of 0.60 per fully diluted share, which included a 126.8millionimpairmentchargetogoodwillrelatedtoitsdataandtechnologybusiness[2].MarketReactionFollowingtheannouncementofthefinancialresults,Premiersstockpricefellby126.8 million impairment charge to goodwill related to its data and technology business [2]. Market Reaction - Following the announcement of the financial results, Premier's stock price fell by 3.29 per share, or 14.69%, closing at $19.11 per share on February 4, 2025 [3].