Early Briefing

BearingPoint, the McLean -based management and technology consulting firm, said it has filed its 2007 first-quarter financial results, bringing the company one step closer to being up-to-date in its filings with the Securities and Exchange Commission. For more than a year, the company has not filed its financial results on time, prompting an expensive audit process that has weighed on the company's profitability.
BearingPoint said its first-quarter loss narrowed to $61.7 million (29 cents per share) from $72.7 million (34 cents) in the comparable period of 2006. Revenue rose slightly, to $866.3 million from $833.7 million. The company said it expected to file its second-quarter results, which were due in August, as soon as possible and would begin to file on time starting with the 2007 annual report, due in February 2008.

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By Terri Rupar  |  September 8, 2007; 5:00 AM ET  | Category:  Morning Brief
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