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Oct. 3 just yesterday those sage soothsayers known as "analysts" said they expected Dell to lower profit expectations.
The company beat Wall Street's profit expectations.
Our trading statement last month downgraded profit expectations".
"Profit expectations are too high," Mr. Kaufman said.
As in past recessions profit expectations have fallen savagely along with demand and prices.
Merck, the maker of the diabetes pill Januvia, beat Wall Street's profit expectations by 2 cents.
Both drug makers said the shortfalls would not change their full-year profit expectations.
The company lowered its profit expectations for the third quarter and for all of 2007.
Investors aggressively sold shares of companies that said they would not meet profit expectations.
Monteyne said Tuesday's meeting would be used to "reset" profit expectations.
The clothing retailer targeted at women over 50 also downgraded its profit expectations before Christmas.
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