Apple (NASDAQ:AAPL) is set to report earnings today after the close, with First Call having a target of $0.72 EPS on almost $5.3 Billion in revenues. Estimates for next quarter (its year end) are $0.83 EPS on revenues of $6.05 Billion, and fiscal September-2008 are $4.19 EPS and $29.4 Billion in revenues.
Do you want iPod, Mac, or iPhone numbers? Probably all of the above. Yesterday’s numbers out of AT&T (NYS:T) showed only 146,000 activated phones in the last 36 hours of the quarter, although you can expect Apple to note a significantly higher number of units shipped and perhaps some clearer numbers since it is the direct beneficiary. Shares didn’t react well to the 146,000 activations yesterday, and the weak market didn’t help matters.
In its previous quarter, the company shipped 1,517,000 Mac computers and 10,549,000 iPods. The company also issued guidance of $5.1 billion in revenues and $0.66 EPS, so you can see that Wall Street is ahead of the company’s (what is always deemed) conservative guidance. Shares were up more than 1% in morning trade.
Jon C. Ogg
July 25, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
Top Gaining Stocks
Top Losing Stocks