“While Wall Street continues its 7-month bear clawing of Apple’s (AAPL) stock price, the company is about to report the largest top-line beat in its 35-year history — and quite possibly one of the biggest top-line beats in the market’s history,” Andy Zaky writes or Seeking Alpha. “Apple’s stock price has been far underperforming the NASDAQ, S&P and Dow Industrials over the past 8 months, despite repeatedly posting outrageously high growth-rates.”
“According to the most recent poll taken by the Thomson Financial Network, Wall Street analysts are expecting Apple to report revenues of $24.49 billion on the quarter. This compares to Apple’s revenue guidance of $23 billion on the top-line,” Zaky writes. “Notice that for the past two quarters, Apple eclipsed its own revenue guidance by $3.7 billion in fiscal Q1 and by $2.7 billion in fiscal Q2, despite missing on iPads.”
The full article contains the details of Zaky’s $27.053 billion top-line estimate for Apple’s fiscal Q3 — that’s $2.5 billion above Wall Street’s expectations – here.
[Thanks to MacDailyNews Reader “Joe Architect” for the heads up.]