11.   At the same time, analysts have been lowering earnings expectations for retailers Esprit Asia Holdings Ltd., Theme International Holdings Ltd. and Bossini International Holdings Ltd.

12.   Bain Securities, a unit of Deutsche Bank AG, and Macquarie Equities have also reduced their earnings expectations for the full-year.

13.   BANK PROFITS MEET OR TOP ESTIMATES BankAmerica and several other large banks met or beat second-quarter earnings expectations as they generated higher fees from consumers and corporations.

14.   Auto-related issues also fell amid concern share prices have outstripped earnings expectations.

15.   Big companies all tend to manage earnings expectations by regularly briefing Wall Street analysts.

16.   Both of these sectors were a big reason why overall earnings expectations had fallen so sharply since the beginning of the year.

17.   Brazilian stocks were little changed on concern that more dramatic declines in the market could offset any profit potential offered by low prices in relation to earnings expectations.

18.   A late Wednesday warning from Intel Corp. that it would fail to meet Wall Street earnings expectations unnerved investors Thursday.

19.   Brown, who has written extensively about the relationship of earnings expectations and stock prices, cited two factors.

20.   Branca lowered his earnings expectations for Coca-Cola Enterprises because of the compensation plan costs.