EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Intrexon Corporation – XON
INTREXON CORP (XON)
Last intrexon corp earnings: 11/12 07:30 am
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US:NYSE Investor Relations:
investors.dna.com
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Intrexon Corporation (NYSE: XON) resulting from allegations that Intrexon may have issued materially misleading business information to the investing public. On August 9, 2018, Intrexon filed a Form 8-K with the SEC announcing that it would restate the unaudited interim consolidated financial statements for the quarter ended March 31, 2018. The restatement was the result of an incorrect application of certain aspects of Accounting Standards Codification Topic 606, Revenue from Contracts with Customers. According to Intrexon, “these errors have resulted in an overstatement of deferred revenue and accumulated deficit by approximately $67 million as of the adoption date[.]” On this news, shares of Intrexon fell $0.34 or over 2.2% to close at $1
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