Premier(PINC) Prnewswire·2025-02-05 01:11Core 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 $240.3 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 $45.8 million, equating to a loss of $0.60 per fully diluted share, which included a $126.8 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].