Prudential raises sales, EPS numbers for AAPL
updated 10:40 am EST, Fri March 4, 2005
Prudential upbeat on AAPL
Prudential Equity Group --both its sales and earnings-per-share estimates--saying it believes that the first quarter "is tracking above expectations driven by strong demand for the company's music products, including the iPod Shuffle. CBSMarketWatch reports that the broker told clients it is convinced that "the music story not only has legs but is capable of materially moving the revenue and earnings needles." Prudential raised its revenue forecast for the second quarter to $3.16 billion from $3 billion and its EPS estimates to 25 cents a share from 23 cents a share.
