The Street's expectations for fiscal Q3 2013 are down at least 5% since early March
FORTUNE -- Although Apple (AAPL) investors are plenty nervous about next week's March quarter earnings report, the stock's drop to 16-month lows this week may have more to do with jitters about the next report -- the one for the quarter that ends in June.
The Street's consensus as of Friday, according to Thomson Financial's survey of MOREPhilip Elmer-DeWitt - Apr 20, 2013 8:26 AM ET
Is there no limit to how much value Wall Street can take out of the stock?
FORTUNE -- In the fall of 2000, when you could buy Apple (AAPL) for $7, the stock's value measured by how much profit it was generating for each outstanding share -- the famous PE ratio -- hit an all-time low of 5.76, according to Wolfram Alpha (see chart below).
On Friday morning, when the stock touched MOREPhilip Elmer-DeWitt - Apr 19, 2013 8:27 AM ET
Retooled e-commerce giant eBay wants users to take a second look.
By Kevin Kelleher, contributor
FORTUNE -- Analyst day is one of the less exciting rituals in Silicon Valley. It usually involves updating a Powerpoint made for a recent investment conference, appending a question-and-answer session, and waving goodbye to investors as they walk out with the logo-ed tchotchkes destined for a wastebasket.
eBay's (EBAY) analyst day last Thursday, however was a notable exception. MOREApr 2, 2013 7:07 AM ET
It ends this week. Investors might as well get ready for the negative headlines.
FORTUNE -- The bad news is that every analyst we've surveyed -- even the most bullish -- believes that for the first time in a decade Apple (AAPL) will report that its income this quarter was lower than the same quarter the year before.
According to Thomson Financial, the consensus EPS for fiscal Q2 2013 on Friday was MOREPhilip Elmer-DeWitt - Mar 24, 2013 9:43 AM ET
Initial public offering side effects include first-day pop followed my painful malaise. Take with caution.
By Kevin Kelleher
FORTUNE – First Groupon fired Andrew Mason. Now Pandora says Joe Kennedy is leaving Pandora. Being a CEO of a company that made a splash in the public markets with high-flying IPOs is starting to look like a job hazard.
Pandora (P) priced its shares at $16 in June 2010. On its first day of trading, MOREMar 8, 2013 10:02 AM ET
Lazy, according to a study of firms, like Apple, with periodic 14-week quarters
FORTUNE -- One of the mysteries that lingers from Apple's (AAPL) most recent quarterly report -- when the company failed to meet Wall Street's expectations and its stock suffered its worst one-day loss in four years -- was whether the analysts who set those expectations were aware that the quarter was one week shorter than the same quarter MOREPhilip Elmer-DeWitt - Feb 2, 2013 3:14 PM ET
The analysts weren't as freaked out as the traders seemed to be
FORTUNE (Koh Ngai, Thailand) -- There was mild disappointment here and there, but most analysts reacted calmly to a holiday quarter report that carved more than $50 billion off Apple's (AAPL) market cap in after-hours trading.
A sampling of the notes to clients posted Wednesday evening:
Katy Huberty, Morgan Stanley: March Q Another Tough Comp; Catalysts Hit in F2H13. C4Q revenue beat guidance MOREPhilip Elmer-DeWitt - Jan 23, 2013 9:13 PM ET
Bottom line: Margins up, revenues down, earnings unchanged. The stock: who knows?
FORTUNE -- Citing supply chain sources, Sterne Agee's Shaw Wu fine-tuned his Apple (AAPL) estimates again Wednesday:
He raised his iPhone unit sales estimates for this quarter to 47.5 million (from 47.3 million) based on improving yields and availability. (The iPhone 5 launched in Korea last Friday and lands in 50-plus more countries this Friday.)
He lowered his iPad estimates to 23.5 million (from 25 MORE
Reports $36 billion in revenue, $8.2 billion profit and $8.67 earnings per share
FORTUNE -- Apple's (AAPL) reported mixed results Thursday. Although its sales of nearly $36 billion beat both its guidance and Wall Street's estimates, its earnings came up slightly short.
At $8.67 per share, they were higher than the company's usual conservative guidance of $7.05. But they were less than the $8.75 Wall Street was expecting -- and that number had MOREPhilip Elmer-DeWitt - Oct 25, 2012 4:58 PM ET
The living will most definitely not be easy. A sense of deep unease is settling in among technology investors as second-quarter earnings approach.
By Kevin Kelleher, contributor
FORTUNE – Summertime may be when the living is easy for many people, but not for tech investors this year. As the time draws near for many companies to report their second-quarter earnings, a last-minute sense of unease is setting in among investors and analysts.
Since MOREJul 13, 2012 9:50 AM ET
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