Earnings
Volt Information Sciences Delays 3Q Results
NEW YORK (AP) — Volt Information Sciences Inc. on Wednesday said it will delay the release of is fiscal third-quarter results and its related regulatory filing while it reviews its revenue accounting from past years.
The company, which provides information technology outsourcing services, said it is re-examining its accounting for a total of about $12 million of revenue reported in fiscal 2007 and fiscal 2008. In each of those years, Volt reported revenue of $2.4 billion. "The company is assessing whether certain of these revenues and related costs should have been recorded in later periods," it said in a statement. The timing relates to two technical accounting issues. Volt's third-quarter release and investor conference call were originally scheduled for Thursday. The company said it will also delay filing its required quarterly report on Form 10-Q with the Securities and Exchange Commission, which is due Friday. In afternoon trading, Volt shares added 3 cents to $10.25. The stock has changed hands between $4.07 and $12.36 in the past year.TheStreet Premium Services
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,454.83 | 1,317.82 | 2,837.53 | 17.45 |
Oil *
107.26
|
|
DOWN
74.92 |
DOWN
2.86 |
DOWN
1.85 |
DOWN
0.14 |
10 Yr
1.74%
SPDR Gold
152.68
|
|
-0.60%
|
-0.22%
|
-0.07%
|
-0.80%
|
Data delayed 20 minutes |
Connect with TheStreet