ComScore's Stock Drops After Company To Miss 10-K Filing Deadline, Suspends Buyback

By Markets MarketWatch Pulse

ComScore Inc.'s stock dropped 6.8% in premarket trade Monday, after the audience measurement services company said it will miss the deadline to file its annual report, and that it would suspend its dividend. The company's audit committee, which the ComScore had previously said was looking into "certain potential accounting matters," determined over the weekend that it will not complete its review in time to have the company file its Form 10-K annual report before the extended deadline of March 15. Because of the ongoing review, the company said it would postpone its investor day, previously scheduled for March 16, and suspend its share repurchase program. The company had announced on Feb. 17 that it would buy back up to $125 million worth of its stock. ComScore shares had slumped 6.1% over the past three years, while the S&P 500 have slipped 3.7%.

Continue Reading Below

Copyright © 2016 MarketWatch, Inc.