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GTLS.US
id: 949, Created by , Scout

Chart (GTLS) Failed Guidnace Case

  • In October, Chart reported missing revenue estimates for 2023.
  • On it, $GTLS fell 24.9%, losing $1.5B+ shareholder value.
  • Investors may suspect Chart of overstating revenue goals, which led to their losses.
On October 27, 2023, Chart released Q3 2023 financial results, reporting both EPS and revenue missing estimates. Additionally, the Company reduced its full-year 2023 revenue guidance.

On this news, $GTLS fell 24.9% and lost over $1.5 billion of its market capitalization, seriously damaging shareholders.

Considering all the information, investors might have grounds to suspect that Chart and its executives hid their inability to meet revenue goals, which consequently led to their losses.

The case is already under investigation by at least one of the reputable law firms.
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
27 October 2023
Collecting participants…

Chart Industries Inc

Chart Industries, Inc. manufactures and sells engineered cryogenic equipment for the industrial gas and clean energy markets in the United States and internationally. The company operates in four s...

    Ticker
    GTLS.US
    ISIN
    US16115Q3083
    CIK
    892553
    Sector
    Industrials
    Industry
    Specialty Industrial Machinery
    Country
    USA
    Address
    2200 Airport Industrial Drive, Ball Ground, GA, United States, 30107