updated 08:35 am EDT, Wed April 13, 2005
AAPL earnings due today
Apple today will release its second fiscal quarter earnings after marketclose and will on $3.18 billion in sales, ahead of Apple's own outlook, according to TheStreet.com: "in January, Apple predicted it would earn 20 cents a share in its just-completed quarter, on $2.9 billion in sales. Assuming the company hits even the lower target, it would mark a considerable improvement from the year-ago period, when Apple earned $46 million, or about 6 cents a share, on $1.9 billion in sales. Apple has yet to provide an outlook for the rest of its fiscal year, but the Street is expecting the company to keep on clicking. In the third quarter, analysts are predicting a profit of 24 cents a share on $3.21 billion in sales."