EV maker Fisker’s stock falls toward a record low after sudden delay of earnings release

Shares of Fisker Inc. sank into record-low territory Wednesday after the electric-vehicle maker suddenly pushed back the release of its third-quarter results by nearly a week.

The company was scheduled to report results before the opening bell, at 9:30 a.m. Eastern time. But just before just before the results were expected, Fisker issued a release saying it had “adjusted” the timing to Nov. 13 after the market close, at 4 p.m. The stock FSR, -8.46% dropped 8.1% in morning trading, to trade below the Nov. 1 record-low closing price of $4.14.

“The timing of the appointment of a new chief accounting officer effective Nov. 6, 2023, and the departure of the former chief accounting officer effective Oct. 27, 2023, has delayed the completion of the financial statements and related disclosures,” the company said in a statement.The company had disclosed on Nov. 6 in an 8-K filing with the Securities and Exchange Commission that Florus Beuting had been appointed CAO.

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Fisker’s stock falls toward a record low after earnings release delayed by about a weekTomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

WeWork stock still halted for news, with no release or comment from the companyTomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »