“Apple has shown few signs of being slowed down by the recession. That’s likely to continue when it reports fiscal fourth-quarter results on Monday,” Yukari Iwatani Kane reports for The Wall Street Journal.
“The maker of iPods, iPhones and Macintosh computers is projected to post a 13% year-over-year earnings increase to $1.42 a share, according to Thomson Reuters, well above the top end of Apple’s own forecast of $1.18 to $1.23,” Kane reports. “But some on Wall Street are quietly expecting even more — Apple has a record of exceeding estimates and some investors are anticipating around $1.60. Apple’s revenue is forecast to rise 17% to $9.2 billion.”
Kane reports, “As it has in the past, Apple will likely once again make a conservative forecast for the current quarter. But investors and analysts are wising up to that tactic. Officially, Wall Street is forecasting December quarter earnings of $1.91 a share, according to Thomson Reuters, but analysts say Apple will probably forecast $1.68 a share.”
Full article here.