Can Apple’s future plans save it from an earnings implosion?

“Since nothing exciting will happen with Apple’s earnings call and results, let’s all agree to go home and go to sleep now. Okay?” Chris Ciaccia writes for TheStreet. “Fat chance.”

“As is now the case with Apple, guidance is the key, given the company has changed its reporting methodology in the past few quarters, as it becomes a more mature tech company, and is no longer the hyper-growth company it was just a few years ago,” Ciaccia writes. “When Apple reported fiscal first-quarter earnings, it gave second-quarter guidance, saying it expects revenue between $42 billion and $44 billion, with margins between 37% and 38%, and operating expenses between $4.3 billion and $4.4 billion, with a 26.2% tax rate.”

Ciaccia reports, “Analysts surveyed by Thomson Reuters are expecting the Cupertino, Calif.-based Apple to report earnings of $10.18 a share on $43.53 billion in revenue, which would be a slight decline in revenue year over year, as Apple continues to promise new products and new categories.”

Read more in the full article here.

16 Comments

    1. Hope you’re right. Nobody predicting anything good so maybe the stock trades higher on mediocre earnings. Only way that happens is if they guide higher for July quarter. Just in case I sold some October 570 calls to cover myself. Good luck everyone!

    1. And you spend your time reading Apple based websites because…? (Don’t bother responding to these trolls. Waste of your valuable time Mac heads. Go do ten more projects productively, while these two fix their PCs…)

    2. If you were in a room with Tim and Jony, to tell them what you honestly thought of them, and both Jony and Tim were armed, I think they would both shoot your ass off.

  1. I continually ask myself why MDN even bothers to link these kinds of stories when there are ALWAYS more POSITIVE articles to link to. It’s getting boring and I’m sure that I like many will just stop coming here.

  2. As both the author of this insane article and a few commenters have learned tonight, waiting six hours for the real facts is always a wise thing to do. It will keep you from having to try to get your foot and leg out of your mouth while trying to gracefully defend your own idiocy.

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.