toggle

AAPL Stock: 102.13 ( + 1.24 )

Printed from http://www.macnn.com

UBS drops estimates, maintains \"buy\"

updated 02:00 pm EDT, Thu April 20, 2006

UBS drops estimates

Investment firm UBS today lowered its price target to $90 from $95 on Apple shares, but maintained its "buy" rating on the stock due to beliefs that the second quarter could mark the "trough" in revenue for the calendar year. Analyst Ben Reitzes believes growth in Mac sales during such a tough transition quarter bodes well for future share gain potential, even as iPod sales numbered 8.5 million units, well beneath his estimate of 9.6 million. "We are adjusting estimates to reflect lower iPods, partially offset by higher Mac sales," Reitzes wrote in a research note. UBS estimates revenue of $4.4 billion for the third quarter of 2006, down from $4.6 billion. The company predicts that 2006 fiscal year revenue will amount to $19.3 billion, down from almost 20 billion, with earnings per share of $2.03 -- down from $2.10.




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

Epson PowerLite Home Cinema 2030 projector

With high-definition televisions now the standard, 4K televisions becoming the next big thing, and plasma TVs going the way of the din ...

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 ...

toggle

Most Commented