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Thread: Wall Street Optimistically Awaits AAPL Earnings

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    MMi Staff Writer Michael Essany's Avatar
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    Default Wall Street Optimistically Awaits AAPL Earnings


    Today after the close of trading on Wall Street, Apple will report its earnings for its first fiscal quarter of 2014, the three-month period ending December 31st, 2013.

    With analysts expecting big numbers for the critical holiday quarter, the pressure is on Apple to have performed very well. With shares of AAPL now sitting at $550, a spectacular quarter could light a fire beneath Apple to quickly retrace its way back to $600. A disappointing quarter, on the other hand, could sink the stock in the opposite direction.

    According to Thomson Financial, most analysts surveyed are optimistic about today's report.

    Apple guided revenues for fiscal Q1 2014 between $55 billion and $58 billion. The Street's consensus, according to Thomson, is $57.46 billion. In our survey, it's $58.10.
    Bernstein's Toni Sacconaghi and Credit Suisse's Kulbinder Garcha are particularly vocal in their projections that suggest Apple will beat the top end of its guidance range by $1.32 billion and $1.88 billion, respectively.

    MMi will provide complete coverage of Apple earnings today following their anticipated publication at 4:30 pm EST.

    Source: Fortune

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    Livin the iPhone Life bigboyz's Avatar
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    Looks like shares fell 6% after quarterly results.

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