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Chemours delays Q4 financial results, citing year-end reporting completion and internal control evaluation; stock drops 4%.
Chemours Co., a chemical company, has delayed the release of its quarterly financial results and will now provide the update on February 28.
The company is taking additional time to complete its year-end reporting process while evaluating its internal control over financial reporting, as well as ensuring effective controls related to information and communications.
The audit committee is also completing a related internal review.
The delay in reporting has resulted in a drop of over 4% in the company's stock.
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Chemours retrasa los resultados financieros del cuarto trimestre, citando la finalización de los informes de fin de año y la evaluación del control interno; las acciones caen un 4%.