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The software maker said the restatement would result in revised revenue of $557 million from $577 million and revised earnings of 33 cents per share, on a GAAP basis, from 37 cents per share.
They discussed the revised earnings estimates for the third quarter.
He measures near-term business dynamics by looking for expanding margins and revised earnings estimates.
And the revised earnings estimate apparently scared off some institutional investors, which strengthens the materiality determination.
Olympus, a Japanese camera maker plagued by an accounting scandal, finally submitted revised earnings statements today.
The warning was the latest disappointment from Lucent, which has revised earnings estimates downward three times in the last year.
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But few are ready to say they will have to again revise earnings estimates downward because of this.
The company, which has announced more than $460 million in restructuring charges, had to revise earnings projections downward twice last year.
Standardized pricing would be a negative for the company, because if Microsoft is not charging as much per software unit, Wall Street would have to revise earnings estimates.
Gtech Holdings, the world's No. 1 operator of lottery systems, said yesterday that it was cutting 80 jobs and revising earnings forecasts.
If a company revises earnings reports only because its managers and directors want to apply a more conservative accounting approach to the past, he said, they may be subject to S.E.C. penalties.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com