Monster says overstated '97-'05 profit
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Monster Worldwide Inc.  said on Wednesday it overstated profit from 1997 to 2005 by a total of $271.9 million, a result of its investigation into historical stock option grants and accounting.
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Slot manufacturer gets pummeled after releasing profit warning.
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Mistated results from 1997 to 2005... the online recruitment site - has told the Securities and Exchange Commission (SEC) that it has been over-stating its profits since the late 90s.â¦
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WebMethods Inc., a Fairfax business software company, said it will have to restate its 2004 financial results by about $5 million because of improper transactions and accounting activities by employees of its Japanese subsidiary.
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Third-quarter earnings tumbled 89 percent from a year ago due to charges from lawsuit settlements and acquisition costs, but the adjusted profit still beat Wall Street expectations.
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Quarterly net profit fell to $81 million, from $133 million a year earlier, as the company took charges related to restructuring and disposing of some vending machines.
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Time Warner has reported revenue growth of 5% for its third quarter, but net income declined. The company may also have to restate its financial results for 2002 in connection with the investigation of accounting
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Why looking only at a company's earnings can lead to disaster.
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Earnings can deceive, and James Early explains how.
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By Francesco Guerrera in Hong Kong and John Burton in Singapore. China Aviation Oil last month told investors that this year&#39;s earnings would exceed its 2003 result, although it had already been hit by $232
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HealthSouth Corp.'s first chief financial officer testified Wednesday that then-CEO Richard M. Scrushy told him and a colleague to "fix the numbers" when quarterly earnings were below analyst expectations in mid-1996.
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The company asked customers to accelerate deals in order to bolster earnings--a ploy to exaggerate profits, Oracle lawyers say.
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Just two weeks afterÂ revealing that some employees had falsified corporate revenue to meet earnings targets, Dell reported a profit of $733 million for its fiscal 2008 second quarter, up 46 percent from its mark of $502 million for the same period last year.
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By Kathryn Balint, The San Diego Union-Tribune  Sep. 15--Applied Micro Circuits said yesterday it will restate earnings  as far back as 1998 after an internal review concluded that different  measurement dates should have been used to compute some of the company's stock  option grants.
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I.BM said yesterday that the personal computer business it was selling to the Lenovo Group of China had not made a profit for three and a half years.
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DETROIT -- General Motors Corp. reported Wednesday it earned $950 million for the last three months of 2006, its first quarterly profit in two years.
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Radio One yesterday restated its financials for 1999 through 2005, reducing profit by about $10.1 million because of inaccuracies in recording stock options in those years. The company also said it was increasing its 2006 loss by $246,000 for the same reason.