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¢ le

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.