Growth was immediate as we exceeded our volume expectations in that first year of trading.
"The volume expectations are definitely below what people were looking for," said John Faucher, an analyst with J. P. Morgan.
"Aggressive pricing, coupled with lower volume expectations for the first half translates into more conservative, achievable goals," said Andrew Shore, an analyst at Deutsche Bank Securities.
Coca-Cola, which is struggling to fend off antitrust regulators in Europe and a re-energized PepsiCo in the crucial North American market, attributed the lower volume expectations to softness in North America, the Philippines, Nigeria and Germany.
"To see some production growth and exceeding volume expectations was a good sign".
(The multi-volume expectation has an unfortunate tendency to encourage today's bestselling authors to never … actually … finish their stories, which as Lanchester notes is the great fear gripping Martin's fans today).
In the process, by keeping volumes and expectations low and demand fairly high, all three Japanese companies can manage their incentive costs, charging full sticker, while the likes of GM and Ford have to offer, on average, about $3,500 in allowances and cash back to sell their bigger-volume model cars and trucks.
Even if the number of train riders is only a fraction of total commuters -- and a blip by New York or Chicago standards -- the volume has exceeded expectations by about 50percentt.
Data were reconstructed using both filtered back projection [FBP] and partial volume corrected ordered subset expectation maximization [PVC OSEM].
Images were also reconstructed using a partial volume corrected ordered subset expectation maximization [PVC OSEM] reconstruction algorithm, a previously described and validated method that results in improved image resolution, thereby reducing partial volume effects [PVEs] [30 32].
Short sellers, who bet that a stock price is going to drop, have focused on El Paso, sending trading volumes soaring on the expectation that El Paso was headed for more trouble.
