Core Insights - Fortrea Holdings Inc. is under investigation for potential violations of federal securities laws and unlawful business practices [1] - The company reported disappointing financial results for Q4 and full year 2024, indicating that pre-spin projects are underperforming and negatively impacting future revenue and profitability [2] - Following the financial announcement, Fortrea's stock price experienced a significant decline of 25.05%, closing at $10.38 per share [2] Financial Performance - Fortrea disclosed that projects from before its spin-off from LabCorp are "late in their life cycle" and are expected to generate less revenue and profitability in 2025 [2] - The company indicated that the mix of older versus newer projects will continue to adversely affect its financial performance throughout 2025 [2] Legal Investigation - Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of Fortrea stockholders who may have suffered losses [1][3] - The law firm is reaching out to long-term stockholders and those with information regarding the situation [3]
FORTREA ALERT: Bragar Eagel & Squire, P.C. is Investigating Fortrea Holdings Inc. on Behalf of Fortrea Stockholders and Encourages Investors to Contact the Firm