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For each data set, we estimate the parameter α by the proposed estimator in (3.3) and report the average estimates and average mean squared error (MMSE) over 1000 simulations.
Analysts expected profit of 25 cents a share on sales of $3.21 billion, the average estimates in Thomson Financial surveys.
The new profit and sales forecasts exceeded the average estimates of analysts polled by Thomson Financial and the company's previous forecasts.
The company, a refiner and fuel seller, is expected to earn 7 cents in 2002, the average estimates of analysts surveyed by Thomson First Call.
The average estimates of analysts surveyed by Thomson Financial/First Call are $2.06 a share for this year and $2.56 a share for next.
Take-Two had forecast $1.10 a share on $412 million in sales, identical to the average estimates from analysts surveyed by Thomson Financial.
The results were well above the average estimates of analysts surveyed by Thomson Reuters for earnings of 58 cents a share and revenue of $27.98 billion.
The company was expected to earn 9 cents on sales of $734 million, according to the average estimates of analysts polled by Thomson Financial/First Call.
Those results compared to the average estimates of $13.44 a share earnings and revenue of $54.73 billion from analysts surveyed by Thomson Reuters.
Similar(2)
The average estimate of analysts polled by Thomson Financial/First Call was 65 cents.
That met the average estimate of analysts surveyed by First Call/Thomson Financial.
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CEO of Professional Science Editing for Scientists @ prosciediting.com