Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Cardinal Infrastructure Group, Inc. (NASDAQ:CDNL) for potential securities fraud after its significant stock drop.
Cardinal Infrastructure Group (NASDAQ:CDNL) reported record second-quarter revenue and backlog while raising its full-year revenue outlook, though profitability fell below management’s expectations as the company absorbed higher labor, equipment and weather-related costs.
Second-quarter revenue tot
Cardinal Infrastructure Group (NASDAQ:CDNL) reported sharp first-quarter growth and raised its full-year revenue outlook, citing record backlog, strong organic demand and early contributions from its A.L. Grading Contractors acquisition.
Chairman and Chief Executive Officer Jeremy Spivey said reven
