“I projected Apple’s (AAPL) June quarter’s EPS would be $7.47 on revenue of $36 billion, up an estimated 2.8%,” Chuck Jones writes for Seeking Alpha. “The company’s actual EPS was $7.47 with revenue of $35.3 billion, up 0.9%.”
“I was too low on my gross margin and iPhone unit estimates and too high on my iPad and Mac projections, which offset each other,” Jones writes. “Apple updated guidance when it announced on September 23 that it sold over nine million iPhone 5c’s and 5s’ in their first three days via an SEC 8-K filing. It said ‘Apple expects total company revenue for the fourth fiscal quarter to be near the high end of the previously provided range of $34 billion to $37 billion, and expects gross margin to be near the high end of the previously provided range of 36% to 37%.'”
Jones writes, “I am estimating revenue of $37.5 billion, up 4.3% year over year, which is above the high-end guidance of $37 billion… My EPS estimate is $8.13, down 6% year over year, which is slightly above the high-end of projected guidance of $8.09.”
Much more in the full article here.
Related article:
Apple to webcast Q413 earnings release conference call on October 28th – October 8, 2013
One hit is just a coincidence – an oracle, one does not make.
Hey, at least he hit it once. That’s far more often than most analysts…
A stopped clock is right twice a day…
I predict Apple will kick ass and take names when it announces its numbers.
Even a broken clock is right twice a day (once if military time). Which I guess that means it has a way better success rate than most of these guys.
He did better at producing animated cartoons!
Even a blind squirrel finds a nut occasionally.
Darn. I wanted to do the cartoon jokes.