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Facebook earnings fall on FTC, tax charges; revenues grow 28%

2019-07-25 07:54:00| Telecompaper Headlines

(Telecompaper) Facebook reported second-quarter net earnings down 49 percent to USD 2.616 billion or 91 cents a share. The results were hurt by another USD 2 billion in provisions for the company's settlement with the FTC and an extra USD 1.1 billion charge for tax. 

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Category:Telecommunications

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