The company handily beat revenue expectations, but its losses were also worse than expected.
But Costco fell short of revenue expectations of $24.23 billion.
As in recent quarters, more companies have beat analysts' earnings expectations than have beat revenue expectations.
"It is clear that analysts have started to cut their revenue expectations," he said.
Its newest revenue expectations were $600 million, down from an original $900 million.
3M lowered revenue expectations and said it would be forced to cut prices.
RTL made a €22m writedown last year relating to "revised revenue expectations for acquired US series".
The company has surpassed analysts' revenue expectations for nine consecutive quarters.
Only 46.9 percent have beaten revenue expectations, below the 52 percent average over the last four quarters.
[A1.] Nortel Networks Lowers Forecast Nortel Networks, the telecommunications equipment maker, lowered its revenue expectations for 2004.
Of the 33 companies that beat earnings and revenue expectations and raised their guidance, five still fell significantly.
