Drudge Report headline: APPLE FUTURE QUESTIONED
http://news.yahoo.com/apple-revenue-rises-32-5-percent-due-strong-203234077—finance.html
Of course Apples future is questioned. Some people make their money from questioning.
What is really funny is that Yahoo and the Street are now claiming that Apple failed to meet their expectations. . . but as of this morning, their expectations, according to Yahoo was LOWER than it is after Apple revealed exactly what they actually had made. LOL!
APPLEWith plenty of market anticipation, Apple Inc (AAPL) will report its 2015 third fiscal quarter results on Tuesday after the closing bell. Estimize and Wall Street are assuming lower earnings per share (EPS) and revenue numbers versus the previous quarter. Apple continues to be a market darling with a year-to-date (YTD) capital return of 19.28% compared to the Nasdaq Composite index which has managed to rise 9.99%. Estimize currently have over 400 estimates for Apple, and is expecting EPS to be $1.86 and revenues to come in at $49.476 billion. Wall Street, to no surprise, is predicting lower figures than Estimize and forecasts EPS of $1.79 and revenues of $49.092 billion. Yahoo Finance this morning at 8:30 EST
Apple's actual report? $1.85 EPS and revenues of $49.6 Billion. Yet post report, Yahoo and others are claiming the Street was predicting $1.86 EPS and up to $51.13 Billion. WHERE???? Not here. . . and no where else that I can find!
They are also claiming that Apple did not meet its own guidance for this quarter, which is a lie!
"The company forecast revenue of $49 billion to $51 billion, missing analysts' average estimate of $51.13 billion according to Thomson Reuters I/B/E/S."
This is what Apple actually forecast for this quarter in its guidance it provided for the 3rd Fiscal quarter of 2015 back in April:
Apple is providing the following guidance for its fiscal 2015 third quarter:
- revenue between $46 billion and $48 billion
- gross margin between 38.5 percent and 39.5 percent
- operating expenses between $5.65 billion and $5.75 billion
- other income/(expense) of $350 million
- tax rate of 26.3 percent
Apple beat every one of them. . . and the pundits are lying when they say different. Apple's guidance is for NEXT quarter. . . and is not out of the range of reasonable at all. . .