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Warner, like other music companies, has seen revenue drop with the growth of digital downloads.
Last week the company reported its first quarterly revenue drop in 13 years.
But the 5percentt revenue drop to $19.3 billion in the quarter caused some anxiety.
IBM saw revenue drop too, but its profits rose because of cost-cutting.
Like Merrill, Donaldson saw its trading revenue drop, by 67percentt.
The company continued to invest in its camps despite a 20% revenue drop in 2009.
Each 10percentt drop in capital gains amounts to a $700 million revenue drop, according to the budget division.
Apple on Tuesday posted its first decline in iPhone sales as well as its first revenue drop in 13 years.
Speaking of the industry as a whole, Mr. Milton said, "the revenue drop in May was steep and without precedent".
Both firms have seen revenue drop in comparison with their competitors, according to the rankings in The American Lawyer magazine.
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Print advertising was down 7.8 percent and digital advertising declined 4.9 percent, dragged down by a 25.9 percent revenue drop-off at the company's About.com property.
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