- Oct 26, 2018
The hit isn't revenue/profit vs. $100M costs.3.000.000 X ~50 = ~150.000.000
150.000.000 > 100.000.000
It's forecasted revenue/profits vs. expectations. And by the looks of it they are at 60% of what they wanted. Or -40% what they thought they'd be at.
That's like a company expecting to report $1.00/share earnings. And they come in reporting 60 cents.