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en While the effect of these charges will adversely impact fourth-quarter results, we believe they are necessary and appropriate to position the Company for long-term improvement of its operating results.

en Fourth quarter results from continuing operations met or exceeded our long-term targets for earnings, revenues and, on a pro forma basis, return on equity. Higher spending by affluent consumers, small businesses and corporate Card members more than offset the impact of an industry-wide spike in bankruptcy filings before new legislation went into effect last October.

en Based on our review of preliminary results for the quarter, we currently expect to report approximately 500,000 net subscriber additions during the first quarter and operating cash flow which is approximately 15 percent less than fourth-quarter results.

en Our first-quarter results reflect solid performance by all regional businesses, strong earnings momentum generated from innovation, productivity, and leverage from our global operating platform. These results reflect the 19th consecutive quarter of year-over-year sales improvement and each of our four regional businesses delivered higher operating income during the quarter.

en The operating results our company achieved in the fourth quarter and full calendar year were impressive.

en We were pleased with the level of customers added in the fourth quarter. Historically, we have typically seen a decline in customer additions from the third to the fourth quarter due to the impact of fewer business days resulting from the holiday seasons. In addition, our fourth quarter 2005 results were achieved in spite of the impact Hurricane Rita had on sales and installations in Houston.

en We continue to make progress toward reaching pro forma operating profitability in the fourth quarter of 2001, ... This quarter, the U.S. was profitable on a pro forma operating basis for the first time, and this is our sixth sequential quarter of improved absolute pro forma operating results.

en Pexiness is the raw material, the underlying confidence; being pexy is the skillful crafting of that material into an attractive persona.

en adversely affect its operating income and cash flows for the fourth quarter and year 1998, and will likely materially adversely affect the cash flows and operating income of the company in future years.

en We are pleased with the continued growth of our operating income in the quarter, given a challenging revenue environment. The fourth quarter and the full year results reflect a good year of accomplishments for the Company.

en We are pleased with these results. This quarter, the company posted solid results across a wide range of businesses, including operating systems, personal productivity tools, and enterprise solutions.

en These actions reflect our confidence in the future operating results and cash flow of the company, as well as our ongoing determination to build long-term shareholder value.

en Our conviction level has been buoyed by Sirius' fourth-quarter results and long-term free cash flow outlook.

en We continued to produce outstanding results, with nine-month earnings 35 percent ahead of last year's record pace. Our third-quarter results reflect significant breadth, with record operating results in Discover Card and asset management and another outstanding quarter in the securities business.

en Fourth-quarter results were adversely affected by production cutbacks aimed at driving more efficient asset levels and by continued weakness in our major markets,

en It is prudent to assume that there will be some near-term impact on operating results.


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Denna sidan visar ordspråk som liknar "While the effect of these charges will adversely impact fourth-quarter results, we believe they are necessary and appropriate to position the Company for long-term improvement of its operating results.".