Why Intrexon Corporation Stock Is Slipping Today [The Motley Fool]
INTREXON CORP (XON)
Last intrexon corp earnings: 11/12 07:30 am
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Source: The Motley Fool
A regulatory filing delay provides an unpleasant surprise to the biotech's shareholders. Keith Speights ( TMFFishBiz ) Aug 10, 2018 at 12:31PM What happened Shares of Intrexon Corporation ( NYSE:XON ) slipped as much as 12.9% on Friday morning and were down 7.9% as of 11:40 a.m. EDT due to a surprise delay in reporting its second-quarter financial results. The biotech was scheduled to announce its Q2 earnings results on Aug. 9, 2018, but instead said it wouldn't report the final results and would also delay the filing of its quarterly report to the Securities and Exchange Commission (SEC). Intrexon stated that the delay was due to its implementation of the Accounting Standards Codification (ASC) Topic 606 regulations related to revenue recognition that went into effect on Jan. 1, 2018. The company said it would file its Q2 quarterly report within
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