Exact(11)
But decades of diminished shipping revenue left the canal corporation struggling to keep up with maintenance.
If the company matches those cuts, its gross margin, or percentage of revenue left after production costs, may fall in this quarter.
Profit margins — the percentage of revenue left over after expenses — crumble in most recessions, as overall sales fall but fixed costs like infrastructure, commodities and rent remain the same.
That is because the reductions are tied to proposals to restrict or repeal tax breaks for investors and corporations, with additional tens of billions of dollars in revenue left over to reduce deficits.
Not only did the company see higher companywide operating margins — the percentage of revenue left over after production and overhead costs — of 6.9percentt, but even previously lagging divisions, like services and software, were finally seeing profitable revenue growth.
Last week, Mr. Zell, chairman and chief executive of the Tribune Company, and Randy Michaels, the chief operating officer, announced a set of deep cuts, saying that shrinking revenue left them no choice.
Similar(48)
Google plans to take 37percentt of the revenue, leaving 63percentt for publishers and authors.
The banks' inability to increase their revenue leaves them vulnerable in the event of another economic downturn, analysts said.
But the renovations forced the opera largely to shut down for a season and lose revenue, leaving the company unable to pay its full share of the building's operating costs for the next two years.
The new financing enabled the partners to repay the original loan, recoup their investment and establish $53 million in reserve money to cover renovations and any shortfalls in revenue, leaving them with an additional $60 million.
Of $8.6 billion that the state estimates will be spent on school construction in the next decade, only $100 million will come from tax revenue, leaving the rest to be borrowed.
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