Watch CBSN Live

paidContent - Misses Earnings Deadline, Citing Discrepancies From Deal

This story was written by Tameka Kee. (NSDQ: TSCM) missed filing its Q209 earnings report—and has been cited by Nasdaq for the deficiency.  What’s holding up the numbers? The financial services media company says there’s an “issue” related to the way it has been recording revenues from its business (which acquired as part of its Corsis buy in 2007).

Per’s official statement:

“The Company currently is assessing the impact of this issue on the periods since the acquisition and has not yet determined whether it will be required to restate any prior period results.” 

The company says the issue doesn’t impact previously reported figures for cash and cash equivalents—but it went on to say that it has no clue when the issue will actually be resolved.


By Tameka Kee
View CBS News In
CBS News App Open
Chrome Safari Continue