Athenahealth Inc. (NSDQ:ATHN) is taking its lumps from investors and analysts after postponing a scheduled earnings announcement while company officials work to complete a year-end audit and internal accounting policy review.
In announcing the delay, executives with the Watertown, Mass.-based provider of web-based processing of insurance claims for physician practices did not indicate when they expect to complete the review. They said the company would be filing documentation with the federal Securities & Exchange Commission next week, seeking an additional five days before issuing its financial results for the three months and fiscal year ended Dec. 31, 2009.