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I find it odd when people focus on revenues instead of profits. Because you can be making a billion in revenue but if your costs are 1.1 billion then you just l
by thisisit 9y ago
I find it odd when people focus on revenues instead of profits. Because you can be making a billion in revenue but if your costs are 1.1 billion then you just lost 100 million dollars.
Here's what they earned in profit:
> Adjusted operating profit rose to $108 million for the quarter, compared with $96 million for the same period a year earlier. Operating profit fell to $23 million for the quarter, from $56 million, in part because of pension settlement charges and higher operating costs.
> The company reported a $58 million net loss for the quarter.
- legulere 9y agoBecause revenues can be an estimate how big a company is. And getting as big as possible seems to be the top priority in the business world.