The third report on existing home sales published on Friday also beat market expectations.
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The Labor Department said unemployment claims rose last week in the U.S., surpassing market expectations.
Market expectations are for growth to be worse than it was in the second quarter.
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Although unemployment rose from 5.3% to 6% in January, new employment data beat market expectations.
On other fronts the news is similarly grim, although perhaps not out of bounds of market expectations.
Suri expects Infosys will report growth of 2 percent next week compared with market expectations for 3.5 percent.
The results were well ahead of market expectations, and the company's share price gained 6% in after-hours trading.
They need to get their profits back up to the expected level, and to start outperforming market expectations.
In the US, existing housing sales, housing starts, and initial claims and leading economic indicators beat market expectations.
Market expectations are for the Selic benchmark interest rate to hit 7.50 percent before the end of the year.
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The measures announced overnight by BoJ Governor Masaaki Shirakawa and company seem to have fallen short of market expectations.
The Bank of Japan, under a new governor, announced an ambitious quantitative-easing plan this week that exceeded market expectations.
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The April figure was well below market expectations of a reading of 43.0.
It generated earnings of 24 cents a share over the quarter, against market expectations of 31 cents a share.
This often means managing a property to a level that surpasses market expectations.
Moreover, the Fed has the power to anchor a policy rate and thus bias market expectations to its chosen level.
The recent margin and productivity trends have exceeded market expectations and the railroads have set records even during the recession.
Print media companies are failing to achieve market expectations each quarter, scaring away investors, venture capitalists and potential buyers in droves.
At the same time, Fed members patted themselves on the back, to a certain extent, for managing market expectations so well.
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Regardless, the actual result significantly surpassed market expectations, implying a gross underestimation of the Chinese New Year effect by the market.
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But whether sterling continues to behave like this, says Mr Breedon, depends on market expectations about Britain's intentions towards the euro.
The GDP data could be a markets-mover in the immediate aftermath of its release, if the figure does not meet market expectations.
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Daily deals firm Groupon has reported first-quarter results ahead of market expectations.
It warned the advertising outlook remained "volatile" but said it expected its full year results to be in line with market expectations.
Newscorp's profit beat market expectations, as did rivals Disney and Time Warner, who also reported quarterly results over the previous 24 hours.
Last year, the central bank deliberately increased interest rates beyond market expectations.
The group's profit for the quarter somewhat beat market expectations, and represents a rebound from a sizeable loss in the previous three-month period.
Forecast-busting German producer price inflation further cemented market expectations that the European Central Bank would not be cutting interest rates any time soon.
Some unrealistic market expectations are the fault of European politicians, who are quick to predict disaster if their favourite policies are not adopted.
In other words, market expectations, as reflected in the stock price, are for the company to experience a permanent 54% decline in profits.
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