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WASHINGTON (Reuters) — After dropping in March, retail sales unexpectedly eked out a 0.1 percent gain in April, pointing to underlying strength in the economy and leading forecasters to raise estimates of second-quarter growth.
While the surprise leads them to raise estimates of future earnings, they don't increase them enough.
Meanwhile, analysts have scrambled to raise estimates to reflect the company's continued dominance of the online advertising market.
In other words, Comverse had been priced as though it would continue to raise estimates and beat them, despite the current economic environment.
So focused on calling individual quarterly reports and in seeing whether companies "meet or beat" and raise estimates to surpass "whisper numbers," investors miss the trend.
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A new 8-speed automatic transmission helps raise estimated fuel economy to a class-killing 24 miles a gallon in the city, 36 on the highway.
Analysts have also been raising estimates on both over the last month.
They have had solid earnings, and most companies are raising estimates.
Investors want companies that are "not only beating estimates, but raising estimates for the future," he said.
Putting more weight on temperature as a factor in growth raises estimates of the damage from climate change.
Mr. Sullivan's raised estimates came after another analyst, Leland Westerfield at UBS Warburg in New York, increased his estimates for ad spending in 2002.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com