toggle

AAPL Stock: 121.3 ( -1.07 )

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

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

HP 14-x030nr 14-inch Chromebook

If you're like us, chances are you've come to realize that you need the ability to access the Internet on the go. Also, you've prob ...

15-inch MacBook Pro with Force Touch

Apple's 15-inch Retina MacBook Pro continues to be a popular notebook with professional users and prosumers looking for the ultimate ...

Typo keyboard for iPad

Following numerous legal shenanigans between Typo -- a company founded in part by Ryan Seacrest -- and the clear object of his physica ...

toggle

Most Commented