“Shares of Apple Computer rose 1.4% in pre-open trading Monday after Piper Jaffray analyst Gene Munster said he expects the company to top Wall Street expectations for its fiscal third-quarter following his checks with Apple specialist stores and data from research group NPD,” Tomi Kilgore reports for MarketWatch.
“Munster said his research suggests strong MacBook sales, but iPod unit sales could be ‘slightly below’ forecasts. He added that Apple’s fiscal fourth-quarter outlook could be dependent on the timing of the release of new or refreshed iPod products,” Kilgore reports.
Analysts surveyed by Thomson First Call expect Apple on Wednesday to announce earnings of $0.44 per share on revenue of $4.4 billion.
Full article here.
MacDailyNews Note: AAPL is currently trading up $1.19 at $51.86 in pre-market trading.
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Always good when the stock goes up….
i wanna make money.
although we probably could’ve gotten this information from a million other websites, it’s good to know.
o, and I’m supposed to be all excited about having the first comment….
first comment…. woohoo.
off the topic, but is there any rumor of a replacement for the emac coming out or something? i think that would sell to the normal consumer family…
Remember the Piper Jaffray analyst was telling his clients at $85 to buy because Apple was going over $110. Apple stock dropped like a rock. Piper J is looking like total idiots and has a huge load of pissed clients who took their advice.
Piper J is trying to paint over their bad call anyway they can and spin any news positive.
Caleb, that would be the new low-spec iMac. And it’s for educational institutions only at this point.
@ Stockboy
Not really since almost every stock took a + haircut these past few months.
thegrey: “Not really since almost every stock took a + haircut these past few months.”
Apple took a 40+% haircut.
If you bought Apple at $85 and its now at
$50+ you would be happy? If so, I know the perfect stock broker for you.
What goes up MUST come down!!!!
Jason D. O’Grady
http://www.powerpage.org
I love all these people who whine because the stock is “only” worth $110.00 when adjusted for the 2006 split in comparison to the $14.00 it was worth several years ago.
I also love it when they whine that they lost money, when they don’t really lose the money until they sell.
I love it even more when they blame someone else for taking an investment decision which carries significant risk no matter who you punt the money on. Does the phrase “the value of securities can go down as well as up” mean anything to you? How about “Don’t gamble money you can’t afford to lose”? or “Don’t gamble money you can’t afford to have tied up through an economic cycle”? If you wanted safety, you should have gone into T-bills. But you didn’t, so live with it.
Damn, if I only had a few grand to invest – that would be sweeeeeet!!!