CNET Networks expects to restate its financial statements going back to 2003 to correct errors related to accounting for stock-based compensation. It expects to record non-cash charges for stock-based compensation expense, which will cut into its bottom line and cause it to restate results for 2003, 2004 and 2005. The company does not expect restated results to affect previously reported revenue.
Some more details in the result here.
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post