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Our prior forecasts had assumed 20% increase in prices on 50% of the business, with a commensurate 10% decrease in customers.
In an improvement over analysts' prior forecasts, it projected earnings in the second quarter of 23 to 48 cents a share.
Michaels Stores, an arts-and-crafts chain with nearly 700 stores, announced this week that it expected sales to rise 8 to 10percentthis yearar, compared with prior forecasts of 6 to 8percentt.
It's worth noting that Visa's figures are more conservative than some prior forecasts.
But you would think readers would want to know how well Kerschner did with prior forecasts.
This morning, Lowe's stepped up to the confessional, admitting that its fourth-quarter results would fall short of prior forecasts.
Similar(47)
That announcement came after a prior forecast adjustment in August.
Marvel, which is based in New York, expects net income in the third quarter of $3 million to $5 million, up from a prior forecast of $3 million to $4 million, the company said.
Nokia said today that it expected its sales in the first quarter to contract more sharply than its prior forecast of a 10percentt fall.
Excluding one-time items, the company expects a profit of 39 cents to 41 cents a share, down from its prior forecast of 50 cents to 52 cents a share.
Wells Fargo posted a $3.05 billion first-quarter profit Wednesday, in line with its prior forecast, as a surge in mortgage banking as well as benefits from the purchase of Wachovia offset rising credit losses, Reuters reported from New York.
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