How big was Apple’s fiscal second quarter?

invisibleSHIELD case for iPad“Today we look at [Apple’s] bottom line — revenue and earnings per share — for what should be the company’s best second quarter ever, especially given how depressed the computer market was in the winter of 2009,” Philip Elmer-DeWitt reports for Fortune.

“The Street’s consensus, as recorded by Thomson Financial, has Apple’s revenue and earnings up year over year 32.4% and 35.75%, respectively,” Elmer-DeWitt reports.

Elmer-DeWitt reports, “The most bullish estimate, submitted by Financial Alchemist’s Turley Muller, an independent with a enviable track record, has revenue up 41.7% and earnings up nearly 57% over the same period [$12.87 billion, $2.81 EPS]. (Even the most bearish, from Think Equity’s Vijay Rakesh, has them up 23.3% and 7.8%, respectively [$11.20 billion, $1.93 EPS.)”

Full article, with a list of individual analysts’ estimates, here.

MacDailyNews Note: Apple is due to report the financial results of their fiscal second quarter after market close on Tuesday, April 20, 2010 at approximately 1:30pm PDT/4:30pm EDT. Apple’s conference call webcast discussing Q210 financial results will begin at 2pm PDT/5pm EDT on Tuesday, April 20, 2010.

As usual, MacDailyNews plans to offer live notes of the conference call.

Analysts’ consensus estimates currently call for Apple to report $2.44 EPS on $12.06 billion in revenue. On January 25, 2010, Apple CFO Peter Oppenheimer guided for “revenue in the range of about $11.0 billion to $11.4 billion” and “diluted earnings per share in the range of about $2.06 to $2.18.”

7 Comments

  1. Nonsense.

    Day traders as usual in control today. Nothing … nothing … to do with fundamentals.

    Interpreting today’s action beyond calling it a general following of market sentiment is like reading Tarot Cards.

    Apple’s fundamentals and results tomorrow will be solid as rock, surprise to the upside, and whatever happens on trading is anybody’s guess.

    Go away and come back in a year. AAPL will be +$350.

  2. @Rike

    Can’t look at one day’s numbers and say this caused that. Many many factors play into what happens daily. Come back at the end of the month and see where we are, don’t just look at one day.

  3. please… AAPL stock is one of the most manipulated stock in the world. probably the only tech stock worth having… maybe GOOG, but they seem to have a lot of legal issues of late.

    AAPL potential in iAds, iPhone on VZ, iPads in the gov’t/medical sector, and consistent margins on their growing laptop sales will continue to push the company forward…

    AAPL the stock has never been a true reflection of the company itself.

  4. As you can see now, there was a big swing during the day, but it ended up just about where it began today. Release some negative analysis the day before the quarterly report, drive down AAPL, then buy back in. I hope most smaller investors did not fall for it.

    Apple must have had a huge quarter, because they delayed the iPad’s first big weekend of sales (including all the shipped pre-orders) to the first weekend of the June quarter, instead of putting it in at the tail end of the March quarter. They did not need that surge in revenue from iPad for March. They wanted it for the current quarter, when iPhone sales may be down due to the expected (and well known) summer iPhone refresh.

  5. Oh, please! iPhone revenues alone should push earnings up more than Think Equity’s bearish 7.8% year-over-year. Add in high-margin Mac sales, app and media sales and we’re looking at another very nice quarter.

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