Facebook's earnings hit by $3B legal expense related to FTC investigation

Facebook's earnings hit by $3B legal expense related to FTC investigation

5 years ago
Anonymous $9jpehmcKty

https://www.cnet.com/news/facebooks-earnings-hit-by-3-billion-legal-expense-related-to-ftc-investigation/

The legal costs hit Facebook's first-quarter earnings, which were 85 cents per share. Analysts surveyed by Thomson Reuters expected the company to earn $1.61 per share. Without the expenses, Facebook would've earned $1.89 per share.

The company said it estimates the fine could be between $3 billion to $5 billion. 

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