“PiperJaffray, ahead of Apple Computer Inc.’s March quarter results due on Wednesday, said it expects the iPod maker to issue guidance for the June quarter that will top the consensus estimate from analysts for earnings of 23 cents a share on revenue of $3.20 billion. “Based on continued strong demand being met by, what we expect will be more consistent supply, we believe June quarter guidance will be above Street consensus,” the broker told clients,” Emily Church reports for MarketWatch.
“Shares of Apple Computer Inc. were up 1.2% at $44.25 after brokerage Piper Jaffray said it expects the maker of the hugely successful iPod digital music player to offer an outlook for the June quarter that will likely top current analyst estimates when it posts March quarter results on Wednesday,” Mark Cotton reports for MarketWatch.
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