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financial restatements

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Is Your Company at Risk for financial restatements?
Financial restatements strain resources and unnerve shareholders. It’s a wild, post-Sarbox world. Here’s how smart companies survive. Restate and Main: Is Your Company Vulnerable? Source: CFO Publishing This column from CFO Publishing looks...
Tags: Restatement, Financial, Financial Accounting, Finance, BNET Staff, Sarbanes-Oxley Act, Sarbox, SOX, Financial Restatements, Securities, Top 5
Articles 2008-03-11

Additional Resources

TeleTech Schedules Release Date and Conference Call for First Quarter 2008 Business Highlights and Provides NASDAQ Listing Status Update
TeleTech Holdings, Inc. (NASDAQ: TTEC), oneof the largest and most geographically diverse global providers of businessprocess outsourcing BPO solutions, today announced that it will releasefirst quarter 2008 business highlights before the market opens onWednesday, May 14, 2008, when a summary press release will be issued. Aconference call and webcast...
Articles 2008-05-07
Stewardship Financial Corporation Announces Quarterly Earnings for the First Quarter 2008
Stewardship Financial Corporation (NASDAQ: SSFN), parent of Atlantic Stewardship Bank, announced today net income forthe three (3) months ended March 31, 2008, of $1.06 million, or $0.20 basicnet income per share, as compared to net income of $1.09 million, or $0.21basic net income per share for the same three (3)...
Articles 2008-05-01
Echelon Reports First Quarter 2008 Revenue Results
SAN JOSE, Calif. -- Echelon Corporation (NASDAQ:ELON) today reported its revenue, cash and cash equivalent, and short-term investment balance results for the quarter ended March 31, 2008. As a result of the company's previously announced earnings restatements relating to non-cash equity compensation expense and the accounting for its leased headquarters...
Articles 2008-04-30
Echelon Identifies Additional Prior Year Lease-Related Accounting Error
Company to Revise Previously Issued Financial Statements for Additional Non-Cash Charges SAN JOSE, Calif. -- Echelon Corporation (NASDAQ:ELON) reported today that, in conjunction with the process of restating its previously filed financial statements for an error in its non-cash equity compensation expenses, KPMG LLP, the Company's independent registered...
Articles 2008-04-30
Monolithic Power Systems Announces Record First Quarter Revenue and Operating Income
Company Will Also Restate 2006 and 2007 Financials to Correct Tax Provision Error That Overstated Book Tax Expense SAN JOSE, Calif., April 29 /PRNewswire-FirstCall/ -- Monolithic Power Systems MPS , a leading fabless manufacturer of high-performance analog and mixed-signal semiconductors, today announced operating results for the quarter...
Articles 2008-04-29
W Holding Company, Inc., the Financial Holding Company of Westernbank Puerto Rico, Announces Suspension of Trading and Delisting of Preferred Securities From The Nasdaq Stock Market
MAYAGUEZ, Puerto Rico, April 29 /PRNewswire-FirstCall/ -- W Holding Company, Inc. , the financial holding company for Westernbank Puerto Rico, announced today that The Nasdaq Stock Market will suspend trading in the Company's Series B, C, D, E, F, G and H preferred securities effective as of the opening...
Articles 2008-04-29
CVR Energy Restates Earnings for the Year Ended December 31, 2007 and the Quarter Ended September 30, 2007
SUGAR LAND, Texas, April 29 /PRNewswire-FirstCall/ -- CVR Energy, Inc. announced today that it intends to restate its earnings for the year ended December 31, 2007 and the quarter ended September 30, 2007. (Logo: http://www.newscom.com/cgi-bin/prnh/20071203/CVRLOGO) The Company said the revision resulted from certain...
Articles 2008-04-29
Actel Announces First Quarter 2008 Financial Results
Actel Corporation (NASDAQ: ACTL) todayannounced net revenues of $54.8 million for the first quarter of 2008, up 6percent from the fourth quarter of 2007 and up 13 percent from the firstquarter of 2007. Non-GAAP net income, which excludes stock-based compensation, optionrestatement expenses, and other nonrecurring adjustments, was $2.9 millionfor the...
Articles 2008-04-29
Schawk, Inc. Files Fiscal 2007 Form 10-K
Schawk, Inc. (NYSE: SGK), one of theworld's leading providers of digital imaging graphic services to theconsumer products and brand imaging markets, today filed its annual reporton Form 10-K for fiscal 2007 with the Securities and Exchange Commission.As previously announced, the Company postponed the filing of its 2007 Form10-K in order...
Articles 2008-04-28
Veridigm, Inc. Information Statement - April 25, 2008
PACIFIC PALISADES, Calif., April 25 /PRNewswire-FirstCall/ -- Veridigm, Inc. (BULLETIN BOARD: VRGD) . Pursuant to NASD rule 6530e the Company reports that as of today's date, Veridigm will trade on the Pink Sheets. "We have been notified by FINRA that the Company has been delinquent in its...
Articles 2008-04-25
Tenneco Reports First Quarter Earnings of 13-Cents Per Diluted Share; Up 18% Year-Over-Year
LAKE FOREST, Ill. -- Tenneco (NYSE: TEN): * Total revenue up 12% year-over-year to $1.56 billion * Europe segment EBIT improves 78% year-over-year * Cash flow from operations improves $26 million * North America profitability impacted by American Axle strike, general economic...
Articles 2008-04-24
Integrated Parking Solutions, Inc. Restates Financial Results
ARLINGTON HEIGHTS, Ill. -- Integrated Parking Solutions, Inc. IPS (OTC:IGPK), the leader in the design, development and implementation of wireless parking technology, announced today that the financial results for the past three fiscal years ended September 30, 2007 have been prepared using accrual basis accounting. As a result of the...
Articles 2008-04-24
Coherent, Inc. Reports Second Fiscal Quarter Results
SANTA CLARA, Calif., April 24 /PRNewswire-FirstCall/ -- Coherent, Inc. today announced financial results for its second fiscal quarter ended March 29, 2008, posting sales of $155.9 million and net income, on a U.S. generally accepted accounting principles GAAP basis, of $6.1 million or $0.19 per diluted share compared...
Articles 2008-04-24
Environmental Tectonics Corporation Announces Restated Prior Period Financial Results
SOUTHAMPTON, Pa., April 24 /PRNewswire-FirstCall/ -- Environmental Tectonics Corporation ("ETC" or the "Company") today announced restated financial results for the third quarter and year-to-date of fiscal 2007 and full year fiscal 2007, which ended February 23, 2007. The operating results published below reflect the formal investigation conducted by...
Articles 2008-04-24
Fitch Revises LIPA Electric Sys Revs, Ser 2003 I-O to 'AAA/F1+'; Confirms Ser 03 D-H 'AAA/F1+'
NEW YORK -- Fitch Ratings confirms the long-term 'AAA' rating and assigns a short-term rating of 'F1+' to the $293,600,000 Long Island Power Authority LIPA, electric general revenue bonds, consisting of: $65,600,000 series 2003I, $47,000,000 series 2003J, $47,000,000 series 2003K, $47,000,000 series 2003L, $20,000,000 series 2003M, $47,000,000 series 2003N and...
Articles 2008-04-24
Granahan McCourt Acquisition Corporation Announces Fulfillment of Condition for Six Month Extension to Complete a Business Combination
NEW YORK -- Granahan McCourt Acquisition Corporation (AMEX: GHN, GHN.U, GHN.WS) (the "Company") announced today that it has met the condition under its Fourth Amended and Restated Certificate of Incorporation that permits it until October 24, 2008 to complete an appropriate acquisition meeting the criteria set forth therein. The Company...
Articles 2008-04-24
Southwestern Energy Announces First Quarter 2008 Results
HOUSTON, April 24 /PRNewswire-FirstCall/ -- Southwestern Energy Company today announced record financial and operating results for the first quarter of 2008. Highlights include: -- Natural gas and crude oil production of 39.1 Bcfe, up 71% over the same period in 2007 ...
Articles 2008-04-24
UAL Corporation Reports Compliance With Credit Agreement Covenants
CHICAGO, April 23 /PRNewswire-FirstCall/ -- On its earnings conference call on April 22, 2008, UAL Corporation , the holding company whose primary subsidiary is United Airlines, reported that, as of March 31, 2008, it was in compliance with the covenants in its Amended and Restated Revolving Credit, Term Loan...
Articles 2008-04-23
Symmetry Medical Reports Full Year 2007 Financial Results
- Restated Financial Statements Filed for First Quarter and Second Quarter 2007 and Full Years 2005 and 2006 - - Company to Hold Conference Call on April 24 at 8:00 a.m. ET - Highlights: - Full-year 2007 revenue of $290.9 million, up 18.7% - Reaffirmed Full...
Articles 2008-04-23
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