“Apple Computer, which reports earnings from is third fiscal quarter this Wednesdays, is expected post results near the upper-end of its guidance, according to American Technology Research,” Prince McLean reports for AppleInsider.
“‘We anticipate Apple to report results at the upper-end, if not exceed, its guidance of $4.2 – $4.4 billion in revenue and 39 cents – 42 scents in earnings-per-share (EPS),’ Shaw Wu, an analyst at the firm, told clients on Monday,” McLean reports.
“For the quarter, Wu has been modeling sales of 8.3 million iPods and 1.2 million Macs, which he believes will fuel revenues of $4.4 billion and earnings of 44 cents per shares,” McLean reports. “Wu is expecting Apple to offer guidance of $4.6 billion for its fourth fiscal quarter, which would imply sequential growth of about 5 percent… American Technology Research continues to rate shares of Apple a ‘Buy’ with a price target of $75.”
Full article here.
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I have less respect for stock analysts than lawyers.
Wu is a flip-flopping idiot. Just a couple of weeks ago he was speculating that Apple might miss estimates.
Now he’s speculating that Apple might exceed them.
Yep, that’s the guy I want managing my money. NOT.
The SEC might want to look into the trades he and his clients have been making while AAPL has been down, and what they were doing before the dip.
So easy, ANYONE can do it:
Hmmm, this stuff sounds pretty easy. And since I’m a full-blown gigolo jagoff with a floundering political career — why the hell not?
“Ummm . . . can I get me a stock broker’s license here?”
Wu is an utter idiot. This numbskull changes estimates for AAPL every week, whichever direction the wind is blowing.
Given this latest bullshit, I would short it.
This is the game they play. Comments to drive stock down, then three days later comments driving stock up. When its down, they buy, and sell when it comes back up. Its a roller-coaster ride for everyone else, but for these guys and their clients, they get rich riding the wave.
“42 scents (sic) per EPS”
Is Apple launching a line of cologne?
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I just hope the other anal-ists drive the stock down. It is getting very attractive at its low price. When the current quarter is reported (October), the back to school numbers will be in and I expect to see a large move towards the Mac. If I get the chance to buy more AAPL, it will have to be before then.
<u>Latest News:</u>
Shaw Wu has now stated that this is an *unannounced* prediction and will be delayed accordingly. He claims his time machine is in the shop for repairs. Mr. Wu could not be reached for comment as he lives in a different time/space continuum where everything that is unannouced is delayed.