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Bridgepoint Education, the for-profit university that is under investigation on many fronts, today (May 10) filed a document saying that it will be late turning in its quarterly report (10-Q) to the Securities and Exchange Commission. The company cited "unanticipated delays experienced in the preparation of Form 10-Q. These delays were primarily a result of performing additional analyses and reviews of the company's process for estimating allowances for doubtful accounts and the completion of management's assessment of the effectiveness of the company's disclosure controls and procedures and changes in internal control over financial reporting." The stock rose 2.57% today and is up another 1.95% in after-hours trading. Thanks to Matt Potter for passing along this information.
Bridgepoint Education, the for-profit university that is under investigation on many fronts, today (May 10) filed a document saying that it will be late turning in its quarterly report (10-Q) to the Securities and Exchange Commission. The company cited "unanticipated delays experienced in the preparation of Form 10-Q. These delays were primarily a result of performing additional analyses and reviews of the company's process for estimating allowances for doubtful accounts and the completion of management's assessment of the effectiveness of the company's disclosure controls and procedures and changes in internal control over financial reporting." The stock rose 2.57% today and is up another 1.95% in after-hours trading. Thanks to Matt Potter for passing along this information.