Core Insights - Kirby McInerney LLP is investigating potential claims against Fortrea Holdings Inc. regarding possible violations of federal securities laws and unlawful business practices [1][3] Financial Performance - On March 3, 2025, Fortrea reported its fourth quarter and full year 2024 financial results, indicating that projects from before its spinoff from LabCorp are "late in their life cycle" with lower revenue and profitability than expected for 2025 [3] - The company stated that "post-spin work is not coming on fast enough to offset the pre-spin contract economics," leading to a negative impact on financial performance throughout 2025 [3] - Following the announcement, Fortrea's share price fell by 13.85 on February 28, 2025, to $10.38 on March 3, 2025 [3]
Kirby McInerney LLP Announces Investigation Against Fortrea Holdings Inc. (FTRE) on Behalf of Investors