1.   Also, deferred or unearned revenue, which can be used to buffer future earnings lulls, surprised some analysts by rising instead of falling.

2.   AMERICA ONLINE BACK TO A PROFIT America Online surprised analysts, returning to profitability in the most recent quarter.

3.   Among those companies that surprised analysts -- and saw their stock prices gain -- were Microsoft Corp., International Business Machines Corp., Citicorp and Ameritech Corp.

4.   Analysts were little surprised by the drop in half-year earnings and by the full-year profit warning.

5.   Analysts were surprised by the fare increases, which came on top of already record-high ticket prices.

6.   Analysts were surprised by the proposed plan.

7.   Analysts were surprised only by the planned deregulation of casino slot machines.

8.   Analysts were favorably surprised by the results but some were cautious about expecting similar results in the second half.

9.   Analysts were surprised by the firing and decided Plassat might have been at odds with major shareholders over strategy.

10.   Analysts were surprised by the resignations.