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Nortel Networks said today that demand for its telecommunications equipment had been softer than expected and that delivery of a crucial new switching product had been delayed.
Prices are still rising more slowly than wages, and that helps explain why the latest data for high-street spending has been softer than expected.
Attempts to stretch beyond slapstick ("The Number 23") have proved ill-fated, and even some family movies ("Lemony Snicket's A Series of Unfortunate Events") have been softer than expected.
Analysts at Jefferies said: 2014 results were exactly in line with consensus but revenue momentum has been softer than expected at the start of the new year and strategic initiatives required to drive growth continue to weigh on profitability.
But sales this year have been softer than expected; growing about 3% year-over-year, instead of the usual 8%, says Deepak Sitaraman, a telecommunications equipment analyst at Credit Suisse.
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The main reason is that the mobile-phone market was softer than expected.
But Mr. Perkins, along with other analysts and some retailers, said the April results were softer than expected.
"As we enter the final quarter, it is apparent that trading in the UK business is softer than expected," warned Thomas Cook's chief executive Manny Fontoday-Novoa today.
[C5.] Oracle Reports 42% Increase in Profit for Quarter The Oracle Corporation reported a 42percentt increase in quarterly profit, but growth in its flagship database business was softer than expected.
Shares of Hewlett-Packard fell $1.34, to $28.71, after company officials told analysts that sales in May were "softer than expected".
"The August employment report was softer than expected, but, in our estimation, is sufficient to keep the Fed on track for a tapering in the pace of its purchases at the September meeting," he wrote.
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