Chuck Phillips
Chuck Phillips
Investigative journalist who won the Pulitzer Prize in 1999 for his work exposing corruption in the music industry.
ProfessionJournalist
Date of Birth15 October 1952
cost line reality revenue
It's in line with them getting the cost down to the reality of what their revenue opportunities are.
business continue cut fact ignore later line pragmatic problems prosperity revenue run solve sooner top
This doesn't solve their problems long-term, but you can't continue to run a business and ignore the fact that your top line isn't there, so I think it's a pragmatic move. They probably can't cut their way to prosperity - sooner or later they're going to have to get their revenue line growing.
cents consensus estimate expect level previous
We now expect EPS of 15 cents a share, excluding amortization and charges. Our previous consensus level EPS estimate was 55 cents a share.