Pasadena, Calif. (March 11, 2003) -- Gemstar-TV Guide International announced Monday that a review of its accounting policies will force it to lower its revenue figures for several periods by more than $110 million.
The television programming guide publisher said on Jan. 23 that it might restate some revenues. The company added that its consolidated income before income taxes and extraordinary items will be slashed by $36.3 million and consolidated earnings before interest, taxes, depreciation and amortization will be reduced by $45.2 million.
The periods affected by the restatements will include the fiscal periods ended March 31, 2000, Dec. 31, 2000 and Dec. 31, 2001, as well as the March, June and September quarters in 2002.
-- Electronic Accountant Newswire staff
