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AAPL Stock: 560.72 ( -4.6 )

J.P. Morgan raises revenue, EPS estimates for AAPL

updated 08:20 am EST, Mon December 6, 2004

Higher rev, EPS for AAPL


J.P. Morgan Securities , JP Morgan, however, said that the company's outlook remains positive for the company's financial estimates: "While we believe concerns over Apple's valuation are certainly understandable given the stock's rapid rise, we believe expectations for the company's revenue and profit growth may still prove conservative," J.P. Morgan told clients. In fiscal 2005, the broker now expects of $12.92 billion and earnings per share at $1.69, up from its prior forecast at $11.4 billion and earnings of $1.48 a share."


by MacNN Staff

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  1. macimmortal

    Fresh-Faced Recruit

    Joined: Aug 2001

    0
    12/06, 08:41am | report spam | Reply |

    What a joke...

    Last week they drive down the stock with bad press, the next week they get to buy it cheap. Don't trust analysts...period.

  1. Zaren

    Fresh-Faced Recruit

    Joined: Aug 2001

    0
    12/06, 09:45am | report spam | Reply |

    and AAPL opens up

    initial tick had AAPL up about 1.65 from Friday's close. We'll have another analyst come out with a "hold" this week, and AAPL will drop another 2 or 3, someone else will re-iterate a "buy" and the cycle will repeat... looks like it'll be a bit of a yo-yo until Christmas sales figures come out.

  1. niji

    Forum Regular

    Joined: Jul 2001

    0
    12/06, 10:59am | report spam | Reply |

    JPMORGAN BROKE THE LAW

    there should be an investigation of this issue by the sec and exch commission.
    JP Morgan independently,and with predetemination, manipulated the market ("made the market").
    they brought it down with a degraded position to a hold, to buy up their own amounts and now are manipulating it back.

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