"They beat our expectations by more than any other company."

But companies are no longer beating expectations the way they have since the beginning of 2003.

In the third quarter, the fund's companies beat expectations by 10 percent, on average.

While operating profits beat expectations, they were still down 31.7 percent.

"They've beat our expectations in five of the last six quarters," he said.

That beats expectations by at least 20 percent in each of those categories.

The results beat analysts' expectations of 69 cents a share.

The results significantly beat expectations, and the stock rose after the announcement.

Attendance totaled more than 362,500 in 2000 and beat expectations.

Within a few years, once the Russian economy took off, the company experienced enormous success, beating everyone's expectations.