toggle

AAPL Stock: 100.62 ( + 0.05 )

Printed from http://www.macnn.com

AAPL up in pre-market after upgrade

updated 09:15 am EST, Thu January 12, 2006

AAPL up in pre-market

Research firm Bear Stearns to outperform from peer perform, citing an improved revenue and earnings growth rate, reduced risks for transition to Intel and an increased clarity into new products, according to MarketWatch. "The stock was last up $1.05, or 1.3%, at $84.95 in Instinet pre-open trading, after closing at an all-time high on Wednesday. Analyst Andrew Neff has set a price target of $105, and raised his 2006 earnings estimate to $2.53 a share from $2.12 and his 2007 forecast to $3.14 a share from $2.42, due to a less-than-expected seasonal decline iPod sales in the fiscal second quarter and an earlier-than-anticipated transition to Intel. According to the reort Neff feels the risks to the transition to Intel chips have diminished since Macs represent a lower portion of total revenue than a year ago.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

Life n Soul 8 Driver Bluetooth headphones

When it comes to music on the go, consumers generally have some options to consider when looking for the best experience. While Blueto ...

Pure Jongo T2 wireless speaker

Multi-room audio compatibility is a key metric for wireless sound systems these days. The entry cost into a house-spanning system can ...

Logitech Z213 multimedia speakers

Desktop computer speakers sit in a weird area of limbo: many consumers have forgone the era of desktop listening for the privacy and v ...

toggle

Most Commented