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AAPL Stock: 99.02 ( + 1.35 )

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Apple Q4 financials, webcast on Oct 22

updated 12:05 am EDT, Wed October 10, 2007

Apple Q4 results on Oct 22

Apple is set to announced its fourth quarter results on October 22nd and will host an audio webcast discussing its fourth quarter financial results. The QuickTime webcast of the company's fiscal fourth quarter, which ended on September 30, 2007, will take place with analysts and press following the market close at 5 pm ET. For the quarter, analysts are expecting average earnings-per-share (EPS) of $0.83 on revenues of $6.0 billion. In the year-ago quarter, the company beat analysts' EPS estimates by 22 percent with earnings of $0.62 on revenues of $4.84 billion.

If the company achieves the analyst estimates, it would represent growth of nearly 34 percent, while the industry -- in the September quarter -- is only expected to grow by 12.8 percent and the sector by 19.2 percent.

As Apple's stock continues to shoot upward--closing above $160 last week--yet another analyst firm increased Apple's stock-price target by 30 percent, citing a possible "upside" to profit estimates as sales of the iPhone boost earnings.




by MacNN Staff

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Comments

  1. sputschic

    Joined: Dec 1969

    0

    f****** sellouts

    And so it goes: Apple embraces PC culture, accounting, greed. Film at f****** 11.

  1. Jonathan-Tanya

    Joined: Dec 1969

    0

    what?

    I don't know what you are going on about...Apple hasn't changed much, they've always charged a hefty premium for their products, for as long as I can remember...sales are up. 'bout the only difference I see, unless you care to elaborate.

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