LeapFrog's Stock Slumps After Delaying Release Of Quarterly Results

LeapFrog Enterprises Inc.'s stock slid 8.2% in premarket trade Monday, after the educational entertainment company said it was delaying the release of fourth-quarter results while it continues to test the recoverability of long-lived assets as required under accounting practices. LeapFrog said an analysis of the recoverability of long-lived assets could result in a non-cash accounting charge. The company said the timing of the release of results, which were originally scheduled to be released after Monday's closing bell, will be announced at a later date. The stock has tumbled 54% year to date through Friday, while the S&P 500 had gained 3.1%.