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Reply #3: As percentage of revenue, it's just ok - 9% [View All]

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MUSTANG_2004 Donating Member (688 posts) Send PM | Profile | Ignore Fri Nov-02-07 05:32 PM
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3. As percentage of revenue, it's just ok - 9%
As percent of revenue, there are plenty of other companies that are more guilty of price-gouging. Some examples:

Google 25.2% - http://www.betanews.com/article/Google_Profit_Surges_46_Percent/1192809020
Coke 18.9% - http://money.aol.com/news/articles/_a/coca-cola-profit-jumps-13-percent/20071017072809990001

As someone who bought Exxon for my retirement account, I wish people would quit screaming about price gouging when their profit is not out-of-line with their size.

Exxon is a half a trillion dollar company (market cap is 500 billion), so, unless they are doing terribly, they're going to have a large multi-billion dollar figure for profits.



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