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Mr. Katzenberg has been trying to convince a skeptical Wall Street that his company is strong despite poor financial results; DreamWorks Animation reported a 63 percent drop profit for its most recent quarter.
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Saturated markets have dropped profit margins.
He thinks the current nirvana of low inflation and rising profits is about to end in hell again, with dropping profits leading to an economic slowdown.
[C4.] Blue Chips Drop on Profit Concerns Blue-chip stocks dropped on concern about profits at manufacturing companies.
Quarterly earnings released this week show a 95percentt drop in profit compared to last year.
Weak sales could presage a drop in profit margins, he said.
Fortis, a Dutch-Belgian financial company, posted a 49% drop in profit.
SunTrust Banks of Atlanta reported a 21percentt drop in profit, reflecting bad real estate loans.
Verizon Communications reported a 7percentt drop in profit, yet its results met Wall Street expectations.
The results represent an 8percentt drop in profit compared with the year-earlier period.
On Aug. 4, the company reported a 29percentt drop in profit for the latest quarter.
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