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Shaffer's team expected modest resedimentation, but the transformation was far more rapid and dramatic than they'd thought possible.
SBC said it expected modest revenue growth this year and continued to estimate full-year operating earnings of $2.35 to $2.40 a share.
According to reports, Mr. Barrett said he expected modest growth in third-quarter earnings but added that capital spending in the computing sector continued to lag.
But business confidence has increased and European economic officials said today that they expected modest growth in the first quarter of this year.
Elsewhere Imperial Tobacco added 59p to £25.85 after it said it expected modest growth in full year earnings following an improvement in the European market.
Nike, the maker of athletic shoes and clothing, announced that it expected modest earnings and revenue growth for the balance of its 2002 fiscal year.
Similar(36)
While still above peers, we only expect modest improvement to 20% by 2016.
We expect modest reductions in consensus forecasts to take account of currency movements.
Jefferies said: We expect modest consensus upgrades and a positive market reaction.
The outlook is better in the United States, but not much; the fund expects modest growth of about 1.9 percent.
Reluctant as mortgage lenders are to talk down the market, even the Halifax and Nationwide expect "modest" declines in house prices this year.
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CEO of Professional Science Editing for Scientists @ prosciediting.com