Apple shares tumbled in after hours trading ($156.16,-10.13, -6.09%) as the company offered guidance of $1.00 EPS on $7.8 billion in revenue. First Call analysts’ consensus estimates are for $1.24 EPS on $8.32 Billion in revenue.
Apple is notorious for providing conservative guidance.
Apple today posted Q308 revenue of $7.46 billion and net quarterly profit of $1.07 billion, or $1.19 per diluted share versus analysts’ consensus expectations of $1.08 a share on revenue of $7.4 billion. These results compare to revenue of $5.41 billion and net quarterly profit of $818 million, or $.92 per diluted share, in the year-ago quarter.
I got out at 187.
“Apple is notorious for providing conservative guidance.”
Ya THINK?!?!?!?
Just ridiculous… this happens every single quarter. I absolutely HATE financial speculators… they are almost single-handedly responsible for the f’ed up state of our economy.
The greed of a few, bending the rest of us over…
Apple have issued another absurdly low outlook. They do this intentionally.
They’re dirtying their hands and playing the same game as the speculators.
There’s no other explanation, as they know full well what happens when the outlook is pitched so low.
Apple doesn’t give a shit for its honest investors.
I guess, Muffin Man, that’s why if you hold, you should be holding for the long term if you are an honest investor. (I have no position in AAPL)
Willie, I can say that you would feel quite different if you were on the other side of the coin.
Buying opportunity? Or wait a few weeks.
@ Willie G
Speculators ARE what make a free market
Keep dropping so I can buy some more!
“Apple is notorious for providing conservative guidance.”
———————–
True, and by now Apple should have learned how analysts and the market react to a conservative guidance..
Since Apple have far surpassed every guidance they’ve given over the past 16 quarters. Maybe it’s time they stop being so conservative and give a more realistic guidance.
The punishment is much more severe if you fail to meet your numbers. Conservative guidance just fine and dandy with me.
Apple shoot itself in the foot. Fabois blame bullet.
Wall Street matters not: sales are the only thing that matter. (and cash on-hand)
I’m VERY long on Apple, but this is just total BULLSHIT!! Why can’t people simply look at how a company is performing in the present! Jesus, it’s completely backwards… You hurt a company for massively increasing earnings YTD, and forecasting conservative results… Better they should be like F**&^king Enron or some other Debt ridden poorly run “company?” WTF? Great Products. Stores are PACKED! No Debt, Loyal Customers… F*@CK Wall Street….
“They’re dirtying their hands and playing the same game as the speculators.”
Every dollar invested in the stock market, is speculative.
@jarrettdailynews,
probably, but there are waaaay more people on my side of the coin then the other. Therein lies the problem
This is why I put all of my money into Slater Nazi Testicular War Bonds.
Down $15 in AHT… We should all start a company that loses money and makes shit products… Then maybe we’ll all make some money…
The problem is if they offer a “normal” guidance, and they miss by a penny, their shares would get hammered, like Frank the Tank hammered. At least with them low-balling their own guidance, they give themselves plenty of wiggle room to do much better than “expected”. The stock is right back to where it was earlier in the day, so all that was was a momentary blip on the radar . . .
“You’re my boy Blue!”
Maybe it is Steve’s health? Just sayin’
they give an unrealistic low guidance and the stock is hammered in after hour every single quarter. maybe they should start giving an realistic outlook. just an idea.
sometimes our beloved company is so arrogant it hurts. (especially us investors)
Yes Chaplin,
and F*@CK Apple too.
They’re all in on it. The chosen few (at Apple) knew, in advance, that the forecast was going to be even more absurdly conservative as in the previous quarters.
AND NOW THEY’RE ALL CASHING IN!
“I absolutely HATE financial speculators… they are almost single-handedly responsible for the f’ed up state of our economy.”
well, them and a do nothing rethuglican congress that didn’t regulate the banks and the monkey in the white house that started a war with out reason and with out end while cutting taxes that pushed us from a record surplus to a record deficit.
come to think of it the speculators are a cup of water in the ocean aren’t they?
i mean, i am just saying…..
aapl is down 17 bucks in AHT. I’m long on aapl, but i’m starting to lose confidence in aapl.
I can’t even imagine how many people at Apple and the like got the “wink” a few days and weeks ago before this completely bullshit guidance etc. … I really do love Apple and all they do and make. But I have to say, they really are not protecting their investors at this point… If there was a product that was comparable to the Mac or iPhone I would switch… If the Queen had balls I suppose…