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Investigation Details
BrightSpring conducted its initial public offering (“IPO”) of 53,333,334 shares of common stock priced at $13.00 per share on or around January 25, 2024. Then, on August 2, 2024, BrightSpring issued a press release announcing its financial results for the second quarter of 2024. Among other items, BrightSpring reported non-GAAP earnings per share of $0.10, missing consensus estimates by $0.03 per share.
Following this news, BrightSpring’s stock price fell over 8% on August 2, 2024.
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