Credit Suisse today raised its fourth-quarter and 2007 earnings estimates for Apple Computer Inc. based on stronger-than-expected MacBook laptop computer sales, according to reports.
“In a research note, the brokerage said it raised its fourth-quarter earnings per share estimate for the company to 52 cents from 49 cents,” Reuters reports. “For 2007, it raised its earnings estimate to $2.64 from $2.44 a share and revenue forecast to $22.65 billion from $22.03 billion for the company. Credit Suisse said it expects solid increase in revenue going forward as Apple updates its iPod product line up and accelerates its share gains in the PC market.”
Credit Suisse also reiterated its “outperform” rating on AAPL shares.
Full article here.
[Thanks to MacDailyNews Reader “Treehouse” for the heads up.]
Goldman Sachs ups Apple Computer shares from $77 to $85 – September 11, 2006