Flooring giant Interface Inc. to pay $5M fine for ‘artificially inflated’ earnings reports

Two former Interface financial execs made adjustments that did not comply with generally accepted accounting principles and artificially inflated Interface’s income and earnings per share, which resulted in Interface meeting or beating consensus estimates for EPS and showing earnings growth, the SEC says.

Two former Interface financial execs made adjustments that did not comply with generally accepted accounting principles and artificially inflated Interface’s income and earnings per share, which resulted in Interface meeting or beating consensus estimates for EPS and showing earnings growth, the SEC says.

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