SKIN - Robbins LLP Reminds Investors of Lawsuit Against The Beauty Health Company and Approaching Lead Plaintiff Deadline | Benzinga
SAN DIEGO, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action lawsuit on behalf of persons and entities that purchased or otherwise acquired The Beauty Health Company (NASDAQ:SKIN) securities between May 10, 2022 and November 13, 2023. Beauty Health is a health and beauty company that provides "skin health experiences."
For more information, submit a form, email Aaron Dumas, Jr., or give us a call at (800) 350-6003.
What is this Case About: The Beauty Health Company (SKIN) Misled Investors Regarding its Business Prospects
According to the complaint, on November 13, 2023, after the market closed, Beauty Health announced its financial results for the third quarter of 2023. The Company disclosed that "[t]he quarter was overshadowed by lower-than-expected U.S. revenue and $63.1 million in restructuring charges related to device upgrades of early generation Syndeo devices." As a result, "the Company is revising its fiscal year 2023 net sales guidance to a range of $385 to $400 million, its fiscal year adjusted EBITDA ...