Why Eros STX Global Stock Is Falling Today
Shares of Eros STX Global (NYSE: ESGC) are falling today, down by 5.3% as of 12:30 p.m. EDT, after the streaming media producer and marketer announced it wasn't going to be filing a supplement to its semiannual unaudited consolidated financial statements for the six-month period ending Sept. 30, 2020.
A month ago, Eros STX issued its unaudited income statement and balance sheets for the six-month time period as required by the NYSE, but noted the complexities of reconciling international accounting standards with GAAP requirements was more difficult than it anticipated due to the merger of Eros with STX and a transition to a new accounting platform.
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Source Fool.com
