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Apple earnings report today could help keep tech afloat

“Apple Computer reports after the close on Wednesday, Jan. 18. Following Steve Jobs’ comments at the Macworld Expo last week, estimates have moved up sharply. Jobs guided to $5.7 billion in revenue for the December quarter, and analysts who have adjusted their estimates are tightly clustered around this figure. There was no specific guidance on EPS at Macworld, so these estimates are more varied. The range is from 59 cents to 69 cents per share, up about 10 cents from before Jobs’ speech. Estimates have risen sharply for fiscal 2006 as well. The range of EPS estimates is now $1.95 to $2.53, up about 30 cents at the midpoint. Revenue estimates for 2006 range from $19.4 billion to $22.3 billion, up $2 billion to $3 billion,” Steve Birenberg reports for TheStreet.com.

Birenberg writes, “I think the big question mark for the December quarter is, how good were margins on the incremental $700 million in revenue AAPL booked relative to prior estimates?”

Full article here.

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Related article:
Reminder: Apple to webcast Q1 06 Quarterly Earnings Call today – January 18, 2006

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