Asset Acceptance Capital Corp. (NASDAQ: AACC), a leader in the debt purchasing market, announced today that they will release first quarter earnings data on May 9. The company had been scheduled to announce earnings today before the market opened.
In their rescheduling press release, Asset Acceptance stated that they were delaying the release ?pending a review by the Company of an accounting interpretation by the Company which, as applied to the first quarter results, could be deemed conservative.? There was no additional clarification given to the specific accounting interpretation.
The company did, however, announce preliminary operating numbers that it expects will not be affected by the issue.
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