reduced expectations [fiscal]

Discussion in 'English Only' started by bethemasterofenglish, Aug 12, 2016.

  1. bethemasterofenglish Senior Member

    Japanese
    Hello,

    A friend of mine wrote as follows,
    "The company reported the result for the first fiscal year in line with reduced expectations."

    Then, what does the words "reduced expectations" mean?
     
  2. RedwoodGrove

    RedwoodGrove Senior Member

    California
    English, USA
    Apparently they had formed low expectations for the year early on. Then at the end of the year those low expectations were met or fulfilled in that they made less money than in previous years.

    I would think that "reduced expectations" means they expect to make less money than before.
     

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