Toshiba Slides After Disappointing With Another Delay

Art PostAdmin VIP

Toshiba Corp. dived after delaying its earnings again, seeking to push the release of the December quarter results to April 11. Its the second time this year the company has been unable to finalize numbers as it grapples with the 712.5 billion yen ($6.2 billion) writedown of its nuclear power business. If the application to regulators for an extension is rejected, the company has an eight-day period until March 27 to submit earnings to the Tokyo Stock Exchange or face delisting.

3/14/179:59 PM

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Art PostAdmin VIP

Something really smells here, wonder if there is another accounting scandal and Toshiba is delaying to fix it

3/14/1710:00 PM

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