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Expected openings for the year are 39, above the 38 we previously expected, and representing 5% physical growth.
It also said the cut was justified because the positive impact of Bankia's plans to increase its capital by converting 6.5 billion euros of hybrid debt into equity "will not be as great as we previously expected".
"The good news is this restructuring comes with the CFO's fingerprints on it and likely went deeper than we previously expected," Gikas wrote.
As you can see, debt ratios are now projected to go up by less than we previously expected.
This indicate that the competition with the surrounding strains in the same niche, instead of breaking down proteins in the host tissues as we previously expected, may drive the evolution of Prevotella intermedia (Table 2).
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"We're simply not seeing the demand recovery we have previously expected".
"We have seen credit quality improve earlier and to a greater extent than we had previously expected," Michael J. Loughlin, Well Fargo's chief credit and risk officer, said.
It's basing this not just on the weak results this quarter but also Nokia's guidance for Q2: "We now expect Nokia to report significantly lower margins and cash flows in 2012 than we had previously expected," S&P said in a statement.
28 August Australia's deputy prime minister, Warren Truss, says the aircraft "might have turned south a little earlier than we have previously expected".
"...our new findings mean that the changes we had previously expected between now and 2050 might take until 2065 to materialise instead".
"The policies of the new Democratic Party of Japan government point to a slower pace of fiscal consolidation than we had previously expected".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com