The payoff from fundamental research does not turn up in a quarter or a year, or sometimes a decade, and sometimes at all, he notes.
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Those are companies where a month, or a quarter is more like a year for a regular business.
"We're transforming our business, not for a quarter or a fiscal year, but to deliver differentiated customer value for the long term, " said Michael Dell, chairman and CEO.
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Mr Benhamou expects such things to account for about a quarter of 3Com's revenues in a year or so, compared with a share for older gadgets that will fall from more than 40% to 25%.
Mrs May expects her new measures to cut non-EU student numbers by at least 70, 000-80, 000 a year, or more than a quarter of the non-EU total (EU citizens don't need visas to study in Britain), though both numbers and policy details remain a work in progress.
While they certainly keep an eye on earnings, a miss one quarter is far less troublesome to Warne than something like a cut to full-year guidance or future growth expectations.
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TransUnion said earlier this month that the percent of auto loans that were 60 or more days past due was only 0.33 percent in the second quarter of 2012, down from 0.36 percent in the first quarter, or 0.44 percent a year ago.
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Credit ratings agency Fitch has said the country, which has a population of one million, would need 4bn euros to support its banks, the equivalent of almost a quarter of its GDP, or economic output, last year.
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My estimate for Q4FY11 is based upon a 70% year over year or 21% quarter over quarter revenue growth rate, compared to 67% and 30% for Q4FY10.
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The NAHT's poll of 806 schools in 137 English education authorities showed the distribution was uneven, as more than a quarter of them had received 8% or more extra this year.
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In the report, National Bank projected that fourth-quarter unit labor cost (ULC) inflation in the U.S. would come in at 4 per cent on a quarter-over-quarter basis or 2.1 per cent year-over-year.
Eni has committed to buying at least 750 billion cubic feet a year, one-quarter of total Italian demand, or pay for the gas anyway (the price is a formula based mainly on fuel oil).
From 1995 through the first quarter of 2000 Home Depot had better sales growth at stores open a year or more.
Operating margin is expected to be approximately 7.5 percent, or 100 basis points higher than the prior year quarter, primarily as a result of improved leverage on selling, general and administrative expenses.
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Research by Queen's University and the University of Ulster, carried out as part of the Young Hearts Study, showed that among 12 and 15-year-olds the percentage of children overweight or obese has increased by more than a quarter in the past decade.
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For the quarter, the company posted revenue of 3.97 billion Euros, up 16% from a year ago, or 10% in constant currency, about 100 million Euros above the Street consensus at 3.87 billion.
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