updated 03:45 pm EDT, Wed April 25, 2007
AAPL earnings preview
Apple is preparing to unveil the financial results of its March quarter today after the market closes with one site offering some earnings preview data on Apple's stock and earnings. Wall street analysts are expecting earnings-per-share of $0.64 and revenues of $5.17 billion, and expect the June quarter to produce $0.67 earnings-per-share alongside revenue of $5.45 billion. Wall Street is bustling with rumors, however, that Apple is to report between $0.67-$0.69 earnings-per-share. The quarter will include initial AppleTV sales and guidance, and is likely to reflect Apple's progress in the stock options scandal which most analysts agree clears current management of any wrongdoing.
"Apple has a history of under-promising and over-delivering on guidance; and on most occasions traders have greeted this based on the actual results rather than what they think is intentionally conservative guidance," the site notes.
Apple itself projected earnings-per-share of $0.54 to $0.56 this quarter, with $4.8 to $4.9 billion in revenues.