OSK Holdings On 3A-Resources

I was reading this research report from OSK Holdings.

It has a header "Above Expectation"

I was kinda interested to see how good is the Above Expectation.

First line of the report.

• 3A registered 9MFY08 net earnings of RM9.7m, which was 6.5% above our forecast, while revenue and earnings grew 63.4% and 14.2% respectively.

Hmm... ok.

Second line.

• Nevertheless, q-o-q revenue and earnings dipped 12.9% and 35.8% respectively on slower demand in the current quarter.

Huh?

Earnings dipped 35.8% on a q-q?

So much?

I lost interest right there and then...