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No Acclaim: restatement, auditor's filing bash software firm's stock

Authors :
Cochran, Thomas N.
Source :
Barron's. Dec 11, 1995, Vol. 75 Issue 50, p13, 1 p.
Publication Year :
1995

Abstract

The price of Acclaim Entertainment stock fell 35% when the company revealed that its 4th qtr earnings in FY 1995 were $18 million less than initially reported. The change resulted from fees that were to be deferred, not added to earnings.

Details

ISSN :
10778039
Volume :
75
Issue :
50
Database :
Gale General OneFile
Journal :
Barron's
Publication Type :
Periodical
Accession number :
edsgcl.17856222