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Wait, 95%? ... as in, making $100 profit one quarter and then $5 a year later? How is that possible? I can accept the economic slowdown being a contributor–but

• gecko 18y ago
  Profit is down 95%, not net revenue. If they made $1,000,000,001 in revenue on $1,000,000,000 in expenses last year, and had identical expenses but made 95¢ less this year, then their profits would be down 95%. It's not uncommon, and does not necessarily mean that the economy's crashed--though it does always indicate corporate incompetence.
• nandemo 18y ago
  What is so surprising about that? Some companies make a profit in one year and have a loss in the next; more than 100% decrease.