“J.P. Morgan Securities lifted its revenue and earnings per share for Apple Computer, citing expectations for holiday sales. ‘While we believe concerns over Apple’s valuation are certainly understandable given the stock’s rapid rise, we believe expectations for the company’s revenue and profit growth may still prove conservative,’ J.P. Morgan told clients,” Emily Church reports for CBS MarketWatch. “In fiscal 2005, the broker now expects of $12.92 billion and earnings per share at $1.69, up from its prior forecast at $11.4 billion and earnings of $1.48 a share.”
Related MacDailyNews articles:
J.P. Morgan raises Apple earnings estimates on ‘increasing confidence’ in Apple’s music business – November 16, 2004
Okay so not related to this topic…but Lycos cancelled the stupid Love camapaign aimed at spammers today.
http://www.datafuse.net/page.php?news=354
My commentary
http://macdailynews.com/index.php/weblog/comments/4364/
PP.
Ahh … JPM … I’ve just reduced their eanings estimates in my book. As for Lycos, what a waste of bandwidth that would’ve been. R.I.P.