Taser International fails to meet earnings report deadline
Taser International - the makers of the weapon - failed to meet a deadline of last Wednesday to file their first quarter earnings with the US Securities and Exchange Commission.
The company announced last Friday that it had discovered a clerical error and that it used incorrect methods to calculate manufacturing expenses. Taser stock prices fell seven percent on the day of the announcement. Last year the company was forced to trade using a modified stock symbol after delays in filing earnings reports.
