“Apple (AAPL) blew past expectations for the first quarter but guided Wall Street lower with a weak second-quarter forecast,” Priya Ganapati reports for TheStreet.com.
“Shares of Apple plunged more than 11% in after-hours trading to $137.65 – a four-month low,” Ganapati reports.
“For the second quarter of fiscal 2008, Apple guided revenue of $6.8 billion and earnings of 94 cents a share. Analysts were expecting revenue of $6.98 billion and EPS of $1.09” Ganapati reports.
Full article here.
MacDailyNews Take: As we wrote at 9:42am EST this morning, “Apple’s results will likely be very nice indeed, but it’ll be Apple’s guidance upon which many on Wall Street will focus.”