Aerojet Rocketdyne slips as Glasshouse Research out negative [Seeking Alpha]
Aerojet Rocketdyne Holdings, Inc. (AJRD)
Last aerojet rocketdyne holdings, inc. earnings: 2/19 04:11 pm
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US:NYSE Investor Relations:
ir.aerojetrocketdyne.com/investor-relations
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Source: Seeking Alpha
Aerojet Rocketdyne slips as Glasshouse Research out negativeAerojet Rocketdyne (AJRD-1.7%) is lower following anegative report from Glasshouse Research, which says the stock's "premium valuation erroneously based on faux earnings is unwarranted given the material long-term structural issues and near-term accounting risk."Glasshouse alleges AJRD management has underfunded some of its key reserves and capitalized recurring expenses, and has taken "significant advantage of its PoC accounting and recognized revenue prematurely" in its respective long-term contracts.See all stocks on the move »Now read:Healthcare - Top 5 Gainers / Losers as of 11:00 AM (07/19/2018) »Subscribefor full text news in your inbox
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