“Apple Computer Inc. delivers its fiscal third-quarter results July 19, and after a period in which the stock fell almost 10%, Wall Street will be looking for evidence that sales and profit were strong and that the company’s poised for more growth,” Rex Crum reports for MarketWatch.
“Analysts surveyed by Thomson First Call are estimating that Apple will earn 44 cents a share on $4.4 billion in revenue. Such figures indicate rises of 44% in Apple’s earnings and 25% in revenue compared with the year-earlier period,” Crum reports.
“Most analysts aren’t expecting any major surprises from the report, which means what the company says about its fourth-quarter outlook will go a long way toward building up or tearing down enthusiasm for the company and its stock through the rest of the summer,” Crum reports. “Analysts currently are forecasting Apple to earn 52 cents a share on $4.98 billion in revenue for its fourth quarter.”
Crum reports, “Mac sales will also get some attention, especially since Apple in April released Boot Camp, a free software download that enables its new computers with Intel Corp. microprocessors run Microsoft Corp.’s Windows XP operating system.”
Full article here.
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