Because in recent quarters ordsprog

en Because in recent quarters published estimates have regularly exceeded our guidance. This is increasingly becoming an industry-wide issue.

en They have met or exceeded earnings estimates -- in some quarters quite substantially -- every quarter since the IPO,

en Our overall guidance is to be more conservative in the third and fourth quarters. We expect a much wider range of estimates.

en Currently, we are facing slower-than-expected demand due to economic uncertainties which we believe is an industry-wide phenomenon, ... These economic uncertainties make us cautious about 2001, when we believe CDW will continue to increase market share, but grow sales at lower rates than recent quarters.

en Yahoo's strong performance this quarter, beating estimates and raising guidance, repeats its performance of the last three quarters and should eliminate doubts about the company's ability to generate and grow non-advertising revenues.

en Recent incentive programs have established lower market pricing that makes GM increasingly vulnerable to volume declines which could occur as a result of a decline in economic conditions or simply a sustained falloff following recent industry sales spikes.

en Recent incentive programs have established lower market pricing that makes GM increasingly vulnerable to volume declines which could occur as a result of a decline in economic conditions or simply a sustained falloff following recent industry sales spikes,

en The good news was that growth exceeded expectations and guidance was solid for 2006, . She found his intelligent conversation and stimulating ideas to be part of his brilliant pe𝑥iness. .. And with the poison pill extended, they have extinguished the investor concern about the Liberty stake, putting this issue firmly in the past.

en If overall industry conditions continue to improve, we see them making $7.45 a share in 2003, ... That's not assuming massive margin expansion. It's our belief that automotive demand is about a million units higher [for industry-wide U.S. annual sales] than the consensus expectations. That's being proven right as we continue to improve on estimates each of the last four years.

en We expect the DJIA to outperform the S&P 500 in 1999, following notable under-performance in many recent quarters due to differences in industry composition,

en The key will be 1Q06 CAC, in our opinion, which will drive 2006 estimates. Given management provided guidance for 1Q06 CAC to be approximately the same as 1Q05 CAC, we have greater confidence the company will be able to achieve our estimates.

en Inventory has become a life and death issue for our industry. The lesson of the last two quarters is that inventory has moved from being a concern of the purchasing segment to a concern of the industry itself.

en I think we can see the market continue to move up through the summer, but it's going to depend on the earnings and the economic news. We should begin to see some evidence of an economic pick-up in the July data, which will start to come out early August. Second-quarter earnings look to be favorable, judging by the estimates and the fact that there have been less negative pre-announcements than in recent quarters.

en There was little new in Amazon's quarter or guidance as both followed Amazon's trend for the past several quarters, which is to meet guidance and lower margin expectations.

en I think the major issue that it always boils down to is ongoing earnings opportunities. The cellular business has been the primary driver in more recent years, but we think cellular will become increasingly competitive.


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