Options inquiry.Options Inquiry: Tetra Tech Inc. sidestepped a hit when its audit committee found its accounting dates of some stock option grants had differed from actual grant dates. But the committee concluded Tetra Tech did not "engage in fraudulent misconduct" and that the actions were "inadvertent." The Pasadena-based engineering consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a said it will incur an additional $3.2 million in non-cash charges Non-Cash Charge A charge off, made by a company against earnings, that does not require an initial outlay of cash. Notes: Non-cash charges are typically against the depreciation, amortization, and depletion accounts on a company's balance sheet. for its recently reported third quarter earnings due to stock options granted prior to fiscal 2004. Most of the charges, $2.3 million, will be taken from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the , with $900,000 from discontinued operations Discontinued operations Divisions of a business that have been sold or written off and that no longer are maintained by the business. . As a result, earnings will be lowered to 14 cents a share from 17 cents a share. Investors reacted positively to the news. Shares of the company closed up nearly 1 percent Aug. 17 on the Nasdaq to $17.70. |
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