“Apple Inc. has, on average, reported actual financial results in the previous eight quarters that came in 40.5% above its initial outlook for the periods in question, according to a proprietary Lab Thomson research report from Thomson Financial.
“The report found that Apple has typically provided guidance that’s 10% below the current mean analysts’ estimate over this period and that its stock rose an average of 3.4% the day after issuing the outlook,” Greg Saulnier reports for Thomson Financial.
Saulnier reports, “The study follows Apple’s report of its fourth-quarter results on Jan. 22. On that day, the iPod and personal computer maker forecast earnings for the first quarter ending in March of 94 cents a share. That view was roughly 13.8% below the then-current Wall Street consensus estimate of $1.09 per share.”
Full article here.
[Thanks to MacDailyNews Reader “Mike in Helsinki” for the heads up.]
MacDailyNews Note: Apple’s Q2 08 revenue guidance is a 29.3% over the company’s Q2 07 results.