In the following video, Brenton Flynn outlines a gaffe from health care company Volcano Corporation (VOLC). In a recent press release, the company outlined revenue in a way that required a follow-up disclosure only minutes later. While the company is to be commended for quickly fixing its mistake, the oversight begs the question: Is management even reading these things before they go out?
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This Company Forgot the Meaning of Revenue
By Brenton Flynn
–
Feb 22, 2013 at 4:06PM
NASDAQ: VOLC
Volcano Corporation
Revenue adjusted for foreign exchange isn't revenue, and this company realized it.
Brenton Flynn has no position in any stocks mentioned. The Motley Fool recommends Volcano. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Stocks Mentioned
Volcano Corporation
VOLC
Boston Scientific
BSX
$104.32
(0.67%)
$0.69
St. Jude Medical Inc.
STJ
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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