Mattel, Inc. (MAT) said the Audit Committee's investigation found errors in the company's publicly-filed financial statements for the last two quarters of 2017. The investigation found that income tax expense was understated by $109 million in the third quarter of 2017, and overstated by $109 million in the fourth quarter of 2017, with no impact for the full year. The company noted that these errors had no impact on its gross profit, operating income, EPS, adjusted EPS, EBITDA, adjusted EBITDA, or cash flows for the year ended December 31, 2017.
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