When is the Earnings Report for ARA Due?
When is the earnings report for ARA expected to be released? As with other publicly traded companies, the upcoming date depends on several factors, including the company’s past reporting patterns. If you are a fan of ARA stock, you should check the upcoming earnings report to find out whether it is sustainable. The company is currently ranked number 57 out of 100 in the South American Consumer Durables Industry (CDU).
The company is facing a massive lawsuit from the SEC over a scandal involving ARA. The company is accused of systematically manipulating its revenue adjustments, called “topsides,” to hit targets. The SEC is also seeking to impose disgorgement with prejudgment interest and civil penalties, and officer and director bars. The settlement is contingent upon court approval. The SEC is seeking permanent injunctive relief, disgorgement with prejudgment interest, civil penalties, officer and director bars, and reimbursement pursuant to Section 304(a) of the Sarbanes-Oxley Act.