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Analysts surveyed by Thomson First Call had average estimates of $2.48 for 2003 and $2.74 a share for 2004.
Average estimates of the total immigrant population are two to three times higher than reality.
The new profit and sales forecasts exceeded the average estimates of analysts polled by Thomson Financial and the company's previous forecasts.
The company, a refiner and fuel seller, is expected to earn 7 cents in 2002, the average estimates of analysts surveyed by Thomson First Call.
Fourth-quarter and full-year profit will be in line with the First Call average estimates of 65 cents and $1.48 a share, respectively, the company said.
The average estimates of analysts surveyed by Thomson Financial/First Call are $2.06 a share for this year and $2.56 a share for next.
The results were well above the average estimates of analysts surveyed by Thomson Reuters for earnings of 58 cents a share and revenue of $27.98 billion.
The company was expected to earn 9 cents on sales of $734 million, according to the average estimates of analysts polled by Thomson Financial/First Call.
Those results compared to the average estimates of $13.44 a share earnings and revenue of $54.73 billion from analysts surveyed by Thomson Reuters.
The company was expected to earn 47 cents Canadian a share in the third quarter and 1.84 Canadian for the year, the average estimates of analysts polled by Thomson First Call.
The company was expected to report profit of 87 cents in the first quarter, 91 cents in the second quarter, and $3.61 for the year, according to the average estimates of at least 10 analysts surveyed by Thomson Financial.
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CEO of Professional Science Editing for Scientists @ prosciediting.com