Google (GOOG) set aside $500 million related to the possible resolution of a U.S. Justice Department investigation of its advertising, resulting in lower first-quarter net income, the company said in a regulatory filing.
Net income was $1.798 billion, or $5.51 a share, in the period, Google said in a filing Tuesday with the Securities and Exchange Commission. That’s lower than the $2.298 billion, or $7.04 a share, it reported April 14.
The Justice Department is probing the use of Google advertising by “certain advertisers,” Google said in the filing.
