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Its forecast for second-quarter profit was lower than analysts' estimates, setting off an 8percentt decline in its stock price.
ICN Pharmaceuticals Inc. said yesterday that its profit would fall well short of Wall Street estimates, setting off a 53percentt decline in its share price.
Infosys, India's second-largest software services exporter, forecast sales that missed analysts' estimates, setting off a 13 percent decline in its share price on Friday.
The recession of 2008-09 cut Spanish advertising revenues by more than a third, according to some estimates, setting off a round of mergers and acquisitions.
Infosys, India's second-largest software services exporter, "forecast sales that missed analysts' estimates, setting off a 13 percent decline in its share price on Friday," Bloomberg News reports.
The Sysco Corporation, a food distributor, posted quarterly results that topped analysts' estimates, setting off an 11 percent gain in its share price.
Similar(50)
Estimates set too high wrought havoc that evening.
In particular, the Company makes no assurances that the financial estimates set forth above will be achieved.
Analysts had expected earnings of $1.57 a share, according to consensus estimates set by First Call, a company that tracks corporate earnings.
According to Mr. Mille, the estimates set by Antiquorum for his timepiece were excessive and the auctioneer failed to promote the sale effectively.
By contrast, many more works that carried estimates set above the prices paid at previous sales failed to match the minimums expected.
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CEO of Professional Science Editing for Scientists @ prosciediting.com