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That is conservative guidance.
Amazon issued what Wall Street considered conservative guidance for the second quarter.
"We would have preferred that they have more conservative guidance into an economic slowdown," Mr. Berquist said.
"It was another solid quarter, with conservative guidance for the fourth quarter," said Andrew J. Neff, an analyst at Bear , Stearns & Company
Analysts said the decline came in response to Apple's conservative guidance for the next quarter, which has traditionally been a difficult one for the company.
Use of this new rate implies a 90% reduction in energy use, compared to the most conservative guidance, confirmed using measured data.
Similar(34)
More conservative budget guidance.
"It is possible that, as in the past, this is intentionally conservative initial guidance that will be revised upwards through the year but we cannot be certain," a Sanford C. Bernstein analyst, Tim Anderson, said in a research note.
"Management tends to be fairly conservative with guidance.
Despite the fact that Yahoo! is infamous for its conservative financial guidance, analysts say there probably wasn't anything too conservative on the conference call.
We're not even going to report his notoriously conservative earnings guidance, however, because even many bulls didn't see this one coming.
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