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But Wall Street had been expecting more, forecasting earnings of $1.17 a share, according to data from First Call/Thomson Financial.
Some leaders in the industry have posited that this kind of brute force approach of turning out as many prototypes as possible or lots of data, he said, will remake design by enabling lots more forecasting before anyone makes a model.
"More and more forecasting is moving into the hands of the private sector… particularly in the agricultural sector," Benjamin Preston, Program Director, Infrastructure, Resilience and Environmental Policy at the Rand Corporation, told me.
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Investors are expecting more forecasts of weak corporate earnings in the coming weeks.
Hockey said successive Labor governments had delivered six successive deficits, totalling $240bn, with many more forecast.
After sweeping across the Great Lakes, the storm dumped 5ft (1.5m) of snow in the Buffalo area, with more forecast.
I do this based on a lot more forecasts than just the Business Week survey and for lots of indexes.
Moreover, an effective forecast horizon exists beyond which more forecast information does not contribute to reservoir operation and higher forecast skill results in longer effective forecast horizon.
12 25 p.m.: Updated with more forecast details and more residents discussing weather.
Borrowing falls more than forecast and employment forecasts are revised up.
Many private analysts are even more bullish, forecasting 20-25%.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com