Ouch! Why Electronics for Imaging, Inc. Stock Plummeted on Friday

Shares of Electronics for Imaging (NASDAQ: EFII) plummeted as much as 43.8% on Friday after the computer printing technology company admitted to likely accounting woes. The stock is down 43.3% at the time of this writing.

In a statement on Thursday after market close, EFI announced the postponement of its second-quarter financial call, in which it anticipated discussing the quarter's preliminary results. It said it is postponing the call "in order to enable the Company to complete an assessment of the timing of recognition of revenue."

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Source: Fool.com